Location: Phillips County, AR | Metro: Phillips County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
The market in ZIP code 72367 presents a dynamic scenario that reflects the current state of housing pressures and rental dynamics. With a Fair Market Rent (FMR) set at $880 for fiscal year 2026, the rental sector appears to be relatively stable, indicating that landlords can expect consistent rental income from properties priced at this level. However, the lack of specific data on market rent suggests that there might be limited competition or variability in pricing, which could mean that the FMR is closely aligned with actual rental rates.
The absence of information on the percentage of price cuts and days on market (DOM) implies that there is little to no surplus of rental units. In markets where supply significantly outpaces demand, landlords often have to offer discounts or wait longer periods before finding tenants. The unknown median home value also points to a less developed or tracked housing market, which could indicate that the area is primarily focused on rentals rather than sales.
The N/A% renter share highlights an important aspect of long-term housing pressure. Typically, a higher percentage of renters indicates greater demand for rental properties over homeownership. This can lead to sustained rental pressures, making it a favorable environment for landlords and small-portfolio investors. However, without this specific data point, it's challenging to gauge the exact balance between renters and owners, but the focus on FMR and the rental sector suggests that renting remains a significant part of the local housing landscape.
In summary, ZIP 72367 appears to be a market driven by rental dynamics, with fair market rents providing a reliable benchmark for landlords. The lack of detailed data on price cuts and DOM suggests a balanced market where demand meets supply, and the importance of the rental sector underscores the potential for steady returns for those invested in rental properties.
Data Sources: FMR data from HUD (2027).
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.