Location: Clay County, AR | Metro: Clay County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The ZIP code 72464 encompasses the city of Saint Francis, Arkansas. With a population of just 10 residents, it is evident that this is a very small and sparsely populated community. The data shows that there are no renters reported, which means that all properties are likely owner-occupied. The median household income is listed at $43,750, though specific details about the median home value are not available.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 72464 is set at $940 for the fiscal year 2026. This figure is established by the Department of Housing and Urban Development (HUD) for determining the amount of rent subsidy that voucher holders can receive. Notably, the actual market rent for the area is not available, suggesting that reliable data on rental prices might be scarce due to the limited number of rental units.
Given these conditions, ZIP 72464 would likely be better suited for a hands-on value-add buyer rather than a hands-off voucher operator. The lack of renters and limited population size means that there is a smaller pool of potential voucher holders. Additionally, the absence of detailed market rent data implies that understanding the local rental market could be challenging without direct involvement. A hands-on approach would allow an investor to better navigate the unique dynamics of this small community, potentially offering opportunities for value creation through property improvements or strategic management practices.
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.