Location: Cross County, AR | Metro: Poinsett County, AR HUD Metro FMR Area
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 | $700 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $750 | $128,360 | 0.58% | F |
U.S. Census Bureau data (2024)
The market in ZIP 72324 presents a dynamic scenario where the Federal Market Rent (FMR) stands at $990 for fiscal year 2024, while the actual market rent, as per the Census ACS, is recorded at $854. This discrepancy between the FMR and the market rent suggests that there might be a slight oversupply of rental units or that the market is experiencing downward pressure on rents. However, without historical data, it's challenging to definitively state whether supply consistently outpaces demand or vice versa.
The median home value of $120,844 indicates an affordable housing market, which could attract both buyers and renters looking for cost-effective options. The high renter share of 39.5% implies that a significant portion of the population prefers renting over owning, possibly due to financial constraints or lifestyle choices. This high renter share can exert long-term housing pressure, as it reflects a continuous demand for rental properties. Landlords and small-portfolio investors should consider this when evaluating the potential for rental income versus the challenges of maintaining a steady occupancy rate.
The lack of specific data regarding price-cut shares and days on market (DOM) makes it difficult to assess the immediate competitive landscape within the rental sector. However, the overall picture suggests a market that is balanced but leaning slightly towards being buyer-friendly, given the lower market rent compared to the FMR. For investors, this means that while rental yields might be moderate, the affordability of homes could support property appreciation over time.
In summary, ZIP 72324 offers a mixed environment for real estate investment. The high renter share ensures a consistent demand for rental properties, but the lower market rent compared to the FMR hints at a competitive market. The median home value signals an opportunity for affordable entry points into the market, making it attractive for both residential and investment purposes.
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.