Location: Woodruff County, AR | Metro: Cross County, AR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $730 | $128,903 | 0.57% | F |
| 3BR | $1,260 | $180,688 | 0.7% | D |
U.S. Census Bureau data (2024)
The market in ZIP code 72396 is characterized by a steady rental environment with a Fair Market Rent (FMR) set at $880 for the fiscal year 2026, while the actual market rent, according to Census ACS data, stands at $789. This suggests that the area is slightly below the fair market rate, indicating a balance between affordability and the cost of living.
A key indicator of market dynamics is the low price-cut share of 0.2%, which implies that landlords and property owners are generally able to maintain their rental prices without significant adjustments. This could point to a market where demand is keeping pace with supply, although the exact balance is not clear from the data provided.
The median home value in ZIP 72396 is $149,137. This figure reflects the typical price of homes in the area and can be indicative of overall economic conditions and housing affordability. With a substantial 30.4% of the population being renters, it highlights a significant portion of the community that relies on rental properties rather than homeownership. This high renter share can be seen as a long-term pressure point on the housing market, as it suggests a persistent need for rental units.
The dynamics of the ZIP 72396 market reveal an environment where rental prices are stable and close to the fair market rate, suggesting that the area is neither experiencing a surplus of rental properties nor a severe shortage. However, the significant renter population indicates ongoing demand for affordable housing options, which landlords and small-portfolio investors should consider when evaluating the potential for rental income and property appreciation in this market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.