Location: Greene County, AR | Metro: Clay County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
0.0% of the population in ZIP code 72453 rents their homes, indicating a predominantly owner-occupied market. This statistic suggests that landlords might find limited opportunities for traditional rental properties in this area. However, the Federal Market Rent (FMR) for Section 8 housing in the metro area for fiscal year 2026 is set at $880, which could present a viable option for those interested in participating in the Section 8 program. The lack of data on market rent, median home value, median income, days on market (DOM), and the percentage of price-cut share implies a scarcity of rental listings or a focus on homeownership, further supporting the idea that the rental market is not robust. For landlords looking to enter the Section 8 market, the fixed FMR provides a clear guideline for setting rent prices, ensuring compliance with HUD standards. Despite the absence of detailed local rental market data, the low renter share percentage indicates that demand for rental properties might be lower compared to other areas. Therefore, landlords should carefully consider the potential for long-term occupancy and the administrative requirements of the Section 8 program before investing. The Section 8 program offers a stable source of income through government subsidies, but it also comes with regulatory oversight and tenant selection processes that can be challenging. Given the specific circumstances of ZIP 72453, where the rental market appears underdeveloped, Section 8 participation could be a strategic choice for landlords seeking a predictable income stream. However, the decision to invest in this ZIP code should be made with an understanding of the local dynamics and the unique challenges associated with the Section 8 program. Verdict: Participation in the Section 8 program is feasible, with a fixed FMR of $880, but expect a low competition in the rental sector due to the 0.0% renter share.
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.