Location: Lawrence County, AR | Metro: Lawrence County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 72457 is situated in a small, rural area with a total population of 143. Only 13.8% of the residents are renters, indicating a predominantly owner-occupied community. The median income and median home value data are not available, which suggests that this area might be too small or sparsely populated for detailed economic analysis by the Census Bureau.
Despite the limited population, there is a notable disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $930, while the Census ACS reports the average market rent at $575. This gap presents an opportunity for landlords who can leverage the higher FMR to attract Section 8 tenants, thereby increasing rental income without significantly raising the rent above the local average.
Given the low percentage of renters and the small population, ZIP 72457 would likely appeal more to hands-off voucher operators rather than hands-on value-add buyers. The area's characteristics suggest a stable but limited tenant pool, making it less suitable for aggressive property improvements or renovations aimed at increasing rents. Instead, landlords should focus on maintaining properties in good condition to meet Section 8 standards and ensuring they are positioned to benefit from the higher FMR.
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.