Location: Randolph County, AR | Metro: Randolph County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 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)
The ZIP code 72462 stands out due to its unique demographic and economic characteristics. With only 298 residents, it is one of the smallest communities in terms of population size. However, 59.7% of these residents are renters, indicating a significant portion of the housing market is dedicated to rental properties. The median income for households in this area is $56,452, which suggests that while the community is small, it maintains a moderate level of economic stability.
A key aspect of this ZIP code's real estate analysis is the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $880, whereas the Census American Community Survey (ACS) indicates the market rent is approximately $658. This difference means that landlords participating in the Section 8 program can expect higher rental payments compared to the local market rate, providing an incentive for property owners to join the program.
The data signature for ZIP 72462 reads as stable. Despite the lack of information on median home values, the high percentage of renters and the moderate median income suggest that the community is not experiencing rapid changes in housing dynamics or economic conditions. Landlords and small-portfolio investors should find the Section 8 program beneficial in this ZIP code, given the favorable voucher economics. The higher FMR compared to the market rent can help ensure steady, government-backed income for rental properties.
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.