Location: Lee County, AR | Metro: Lee County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The ZIP code 72311 is located in a suburban area of Arkansas, primarily encompassing the town of Greenbrier. This neighborhood is characterized by a population of approximately 80 residents, with a significant portion—33.3%—being renters. The median household income here stands at $64,063, indicating a middle-class community where many residents likely rely on rental assistance programs such as Section 8.
The Fair Market Rent (FMR) for ZIP 72311 in fiscal year 2026 is set at $1,030, which represents the average rent price for a standard unit in the area. Despite the lack of specific market rent data, the FMR provides a benchmark for rental prices, helping investors understand the economic landscape they would be entering.
Given these conditions, ZIP 72311 could be an attractive investment opportunity for both hands-off voucher operators and hands-on value-add buyers. For those looking to operate hands-off, the presence of a substantial number of renters and the availability of Section 8 vouchers can provide a steady stream of income with less direct management required. However, for investors interested in actively managing their properties to increase value, the potential exists to offer better amenities or services to attract tenants willing to pay above the FMR, thus maximizing returns.
In conclusion, ZIP 72311 offers a mix of stability and opportunity for real estate investors. With a clear demand for affordable housing and a reliable source of rental income through the Section 8 program, it supports a variety of investment strategies.
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.