Location: Mississippi County, AR | Metro: Mississippi County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
ZIP code 72428, located within the Mississippi County, AR metro, has a Family Monthly Income Rent (FMR) of $890 for fiscal year 2026. This figure is crucial for understanding the rental dynamics within the area. The FMR is the standard benchmark used by the U.S. Department of Housing and Urban Development (HUD) to set payment standards and determine eligibility for housing assistance programs, including Section 8.
The market rent and home value data for ZIP 72428 are currently unavailable. However, the 56.9% renter share stands out. This percentage indicates that more than half of the households in 72428 are renters, which is higher than the typical renter share in many other ZIP codes within the same county. In general, a high renter share can be indicative of a population that relies heavily on rental housing, possibly due to economic factors, transient demographics, or a lack of affordable homeownership opportunities.
To determine if ZIP 72428 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Mississippi County, AR metro, we need to consider the available data. With an FMR of $890, it suggests that the rental costs are relatively low compared to what might be expected in a premium sub-market. However, without specific comparative figures for other ZIP codes within the metro area, we cannot definitively categorize 72428's position.
The high renter share, combined with the lower FMR, could signal that 72428 is particularly attractive for Section 8 participants. Typically, areas with a high concentration of renters and lower rental costs are favored by those receiving housing assistance, as they maximize the utility of their vouchers. This makes ZIP 72428 a potential sweet spot for landlords and small-portfolio investors who are willing to participate in the Section 8 program, as there is likely a strong demand for affordable rental properties.
In conclusion, while specific comparisons to other ZIP codes within the metro are limited by the data, the combination of a lower FMR and a high renter share points towards ZIP 72428 being a value pocket within the Mississippi County, AR metro. It offers a niche opportunity for landlords who can cater to the needs of renters participating in the Section 8 program.
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.