Location: Phillips County, AR | Metro: Phillips County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 72383, located in Arkansas, presents unique challenges and opportunities for both renters and landlords. Given the lack of specific data on median income and market rate rental prices, it's essential to consider the available information regarding the housing voucher program and the overall population dynamics.
A household in ZIP 72383 would likely find the federally established Fair Market Rent (FMR) of $960 per month for the metro area in fiscal year 2026 as a significant benchmark. This figure represents the maximum amount that a housing voucher will cover for rent and utilities, making it a critical consideration for renters seeking affordable options.
With only 45 residents and an indicated 0.0% renting, the competition among landlords in this area is minimal. However, the low number of renters suggests a tight housing market where the demand for affordable units is high relative to the supply. The absence of median income data implies that many households might struggle to meet even the FMR without assistance.
The affordability gap in ZIP 72383 means that landlords should focus on the potential benefits of accepting vouchers. While the direct cash flow might be lower compared to market rates, the stability and security of having tenants who can reliably pay their rent through the voucher program could outweigh the risks associated with higher vacancy rates or difficulty in finding financially stable tenants.
For landlords considering their strategy between voucher and cash-pay tenants, the takeaway is clear: accepting vouchers can ensure steady occupancy and reduce financial risk. Although the FMR of $960 sets a limit on rental income, the reliability of government-backed payments makes this a prudent choice in a ZIP code with limited rental activity and potentially strained household finances.
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.