Location: White County, AR | Metro: White County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The ZIP code 72178 presents several challenges for potential Section 8 landlords and small-portfolio investors. Firstly, tenant turnover could be problematic due to the discrepancy between market rents and the Fair Market Rent (FMR) set at $910 for FY 2026, which is based on metro area averages. This difference might lead to tenants seeking better deals outside of the program, increasing the likelihood of frequent turnovers.
Vacancy exposure is another significant risk factor. The days on market (DOM) figure is currently unavailable, but it's critical to consider that properties in this ZIP code might take longer to fill if they are priced above the FMR. This extended period of vacancy can result in lost rental income and increased costs associated with maintaining an unoccupied property.
Deferred maintenance exposure is also a concern. With no specific data available regarding the typical home value and median income in ZIP 72178, it's reasonable to assume that homes in this area might require more upkeep than initially anticipated. Landlords should prepare for potential higher expenses related to repairs and maintenance, especially if the median income does not support substantial investment in property improvements.
Despite these risks, there is a silver lining. The 0.0% renter share suggests a high concentration of renters in the area, which typically correlates with higher demand for housing vouchers. This could mean a steady stream of Section 8 tenants looking for suitable housing, thereby reducing the overall risk of vacancy.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 72178. While the high renter density offers some stability, the unknowns about market rents and median income levels introduce uncertainty that must be carefully managed.
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.