Location: Phillips County, AR | Metro: Phillips County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 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 |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 72390 under Section 8 include significant tenant turnover due to the market rent being $782, which is notably below the Fair Market Rent (FMR) of $880 for the fiscal year 2026 in the metropolitan area. This disparity can lead to frequent changes in occupancy, creating operational challenges and higher administrative costs for landlords.
Vacancy exposure is another concern, as the Days on Market (DOM) data is currently unavailable. This lack of information makes it difficult to predict how long a property might remain vacant between tenants, potentially leading to periods of reduced rental income.
Deferred maintenance poses a risk given the typical home value of $41,230 and the median income of $38,294. Landlords must be prepared to invest in regular upkeep and repairs, as the financial resources of residents may be limited, leading to properties that require more attention over time.
Despite these risks, the high renter share of 47.6% suggests a robust demand for rental housing, particularly among those who rely on Section 8 vouchers. This dense population of renters often translates into a steady stream of voucher holders looking for accommodation, thereby providing a reliable source of tenants willing to pay the subsidized rent.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 72390. The operational challenges and need for maintenance investment are balanced by strong tenant demand.
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.