Location: Woodruff County, AR | Metro: Independence County, AR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,170 | $125,883 | 0.93% | C |
U.S. Census Bureau data (2024)
The ZIP code 72112 is primarily characterized as a renter-heavy area with significant potential for Section 8 tenants. With 37.7% of the population renting, this indicates a substantial portion of residents who may rely on housing vouchers for their living expenses.
The median household income stands at $41,843, which is notably lower than the Fair Market Rent (FMR) threshold of $880 per month set for the metro area in fiscal year 2026. This suggests that many residents are likely to find it challenging to afford market rents without assistance.
The typical market rent of $668 in ZIP 72112 represents approximately 15.9% of the median household income. However, comparing this to the FMR of $880, it becomes evident that the average rent is already below the benchmark, indicating a strong reliance on rental subsidies. The gap between the actual market rent and the FMR highlights the necessity for housing vouchers among the local population.
Landlords in ZIP 72112 can expect a high demand for properties that accept Section 8 vouchers. Tenants will predominantly be low-income families, seniors, or individuals with disabilities who require financial assistance to secure housing. These tenants are typically committed to maintaining stable living conditions and adhering to lease agreements due to the limited availability of affordable housing options.
To summarize, ZIP 72112 is well-suited for landlords willing to accommodate Section 8 tenants. The high percentage of renters and the alignment of market rents with voucher amounts make it a prime location for such investments. Landlords should prepare for a tenant pool that includes a significant number of individuals and families seeking subsidized housing solutions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.