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 | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 72157 presents several challenges for potential Section 8 landlords. Tenant turnover is a significant concern due to the disparity between market rents and the Fair Market Rent (FMR) of $880, which is set for fiscal year 2026. The absence of specific market rent data indicates that there might be a gap between what tenants can afford and what landlords expect, leading to higher turnover rates.
Vacancy exposure is another issue. With no data on the days on market (DOM), it's difficult to predict how long properties might remain vacant. This uncertainty can lead to financial strain for landlords who rely on consistent rental income.
Deferred maintenance is also a risk. While the typical home value is not specified, the median household income of $62,931 suggests that residents may struggle to cover maintenance costs, which could increase the burden on landlords to keep properties up to code.
However, these risks must be weighed against the high concentration of renters in the area. With a 13.9% renter share, there is likely strong demand for rental housing, particularly among those utilizing Section 8 vouchers. High renter density often translates into a robust pool of voucher holders looking for suitable accommodation.
In conclusion, despite the challenges, the high renter density in ZIP 72157 makes it a moderate risk for a first-time Section 8 landlord. The demand for rental properties is strong, which can offset some of the financial uncertainties associated with vacancy and maintenance issues.
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.