Location: Phillips County, AR | Metro: Phillips County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
ZIP code 72342, located within Phillips County, AR, presents a unique scenario when compared to typical ZIP codes within the same county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the actual market rent in ZIP 72342 is significantly lower at $704. This suggests that ZIP 72342 could be considered a value pocket within the metro area, offering rental properties at a discount compared to the established FMR.
The median home value in ZIP 72342 is $45,437, which is notably below the average home value in Phillips County, AR. This low home value combined with a high renter share of 63.1% indicates a strong presence of renters in the area. Such a high renter share with below-average home values often points to a concentration of Section 8 housing opportunities. Landlords and small-portfolio investors looking to capitalize on government-subsidized rental programs should find ZIP 72342 attractive.
In summary, ZIP 72342 stands out as a value pocket within the Phillips County, AR metro. Its lower market rents and home values, coupled with a high percentage of renters, create an environment ripe for Section 8 investments. This ZIP code offers a clear opportunity for those interested in leveraging the benefits of government assistance programs while securing stable rental income.
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.