Location: Conway County, AR | Metro: Conway County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 72156 presents several challenges for landlords considering participation in the Section 8 program. First, tenant turnover is a significant concern due to the difference between the market rent and the $880 Fair Market Rent (FMR) for fiscal year 2026, which is set for the metro area. This discrepancy can lead to higher turnover rates as tenants seek more affordable housing options, reducing rental income stability.
Vacancy exposure is another issue. The average days on market (DOM) for properties in this area is currently unknown, making it difficult to predict how long a property might remain vacant between tenants. This uncertainty can result in lost rental income and increased costs associated with vacancy periods.
Deferred maintenance is also a risk factor. Although the typical home value in ZIP 72156 is not specified, the median household income of $110,139 suggests that residents may have the financial capability to maintain their homes adequately. However, landlords should still be cautious about potential maintenance issues that could arise and require significant investment.
Despite these risks, the ZIP code has a relatively high renter share of 6.0%. High renter density often correlates with greater demand for rental housing, including those covered by Section 8 vouchers. This demand can provide some assurance of finding and retaining tenants who qualify for the program.
In conclusion, the risks associated with tenant turnover, vacancy exposure, and deferred maintenance must be carefully considered alongside the benefits of a higher renter share. For a first-time Section 8 landlord, the overall risk level in ZIP 72156 is moderate.
Data Sources: FMR data from HUD (2027). 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.