Location: Mississippi County, AR | Metro: Poinsett County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
ZIP code 72354 in Mississippi County, AR, presents a unique profile when compared to typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 72354 is set at $810 for fiscal year 2024, which is notably higher than the market rent figure of $498. This discrepancy suggests that there might be a government subsidy component influencing the rental prices in this area.
The median home value of $98,348 in ZIP 72354 is lower than what is typically found in more affluent areas, indicating it could be considered a value pocket within the Mississippi County, AR metro. However, the renter share of 30.8% is significant and higher than many other ZIP codes in the region, which usually have lower shares due to the prevalence of owner-occupied homes.
This combination of a below-average home value and a relatively high renter share is indicative of a potential sweet spot for Section 8 housing. Landlords and small-portfolio investors can capitalize on the subsidies provided by the government to cover rents that are higher than the typical market rate. In essence, ZIP 72354 appears to be a mid-tier neighborhood that offers an opportunity for investors who are willing to participate in the Section 8 program, given the substantial FMR and the significant portion of renters.
To further understand how 72354 compares to other ZIP codes in Mississippi County, AR, consider the following:
In summary, ZIP 72354 stands out as a value pocket with a mid-tier profile, offering opportunities for those interested in Section 8 properties. The high renter share coupled with lower home values and a subsidized rent environment creates a favorable scenario for investors who can leverage the FMR to secure steady 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.