Location: Mississippi County, AR | Metro: Mississippi County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 72391 are renters, indicating a predominantly owner-occupied market. This statistic suggests that landlords should carefully consider their investment strategy in this area, as it does not naturally favor high rental occupancy rates. However, for those interested in the rental sector, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. This figure represents the upper limit for what a landlord can charge for a unit under the Section 8 program, ensuring that tenants receive affordable housing options. Despite the low renter share, the FMR provides a clear guideline for pricing units to attract Section 8 participants.
N/A figures for market rent and median home value indicate that there is limited publicly available data on these metrics for ZIP 72391, possibly due to the small size or unique characteristics of the local real estate market. The lack of these key indicators makes it challenging to compare the attractiveness of Section 8 rentals against the broader real estate landscape. Similarly, the absence of median income data means that landlords must rely on other sources to understand the financial capabilities of potential tenants in this area.
The days on market (DOM) and price-cut share figures are also listed as N/A, which could suggest that property transactions in ZIP 72391 are infrequent or that the market is relatively stable without significant fluctuations in selling prices or prolonged listing periods. This stability might be appealing to small-portfolio investors looking for less volatile markets.
In conclusion, while the low renter share in ZIP 72391 poses a challenge for landlords, the defined FMR of $930 offers a clear benchmark for Section 8 participation. Given the limited availability of other market data, landlords should focus on leveraging the Section 8 program's benefits and seek out additional local insights to make informed decisions. Verdict: Proceed with caution, focusing on the defined FMR and seeking additional local market intelligence.
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.