Location: Poinsett County, AR | Metro: Poinsett County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,270 |
| 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)
ZIP code 72429, located in a rural area, stands out due to its low population density and unique rental dynamics. With only 247 residents, the ZIP has a modest 19.4% of its population renting homes. The median income here is $36,000, indicating a community that relies heavily on affordable housing options. Despite the lack of data on the median home value, the rental sector is a critical focus for understanding the economic landscape.
The Federal Market Rent (FMR) for ZIP 72429 in fiscal year 2024 is set at $810. This figure represents the average monthly rent for a standard unit under the Section 8 Housing Choice Voucher program. Without specific market rent data, it's challenging to directly compare the FMR to local market rates. However, the FMR serves as a benchmark for landlords participating in the program, ensuring they receive fair compensation for their properties.
The limited data available suggests a stable environment, but the absence of key metrics such as median home value and market rent leaves some uncertainty. Landlords should be aware of the potential for transitional changes in this rural ZIP code, especially as federal housing policies and economic conditions evolve. Given the low population and reliance on rental assistance programs, maintaining a steady income stream through Section 8 vouchers is essential for small-portfolio investors. They must also remain vigilant about any shifts in local demographics or economic indicators that could affect the stability of their investments.
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.