Location: St. Francis County, AR | Metro: Memphis, TN-MS-AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 72376, located within the St. Francis County, AR metro, presents a unique scenario when compared against typical ZIP codes in the area. The Fair Market Rent (FMR) for 72376 stands at $1040 for fiscal year 2024, which is notably higher than the market rent of $600 observed in the same ZIP code. This discrepancy suggests that 72376 is not aligned with the broader market trends and could be considered a value pocket for Section 8 participants.
The lack of available home value data for 72376 makes direct comparisons challenging, but it's worth noting that a low home value in conjunction with a high renter share can indicate a strong Section 8 presence. With a 9.4% renter share, 72376 shows a slightly above average proportion of renters compared to other ZIP codes in the county, where the typical renter share might be lower. This characteristic, combined with the significantly higher FMR, points towards a situation where rental properties are more affordable for subsidized housing tenants, while still being priced above the local market rents.
To conclude, 72376 appears to be a value pocket within the St. Francis County, AR metro. Landlords and small-portfolio investors should consider this ZIP code as an opportunity for securing tenants through the Section 8 program, given the higher FMR relative to market rents. The potential for stable occupancy rates and the absence of volatile market fluctuations makes it a promising option for those looking to invest in a predictable rental environment.
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.