Location: Greene County, AR | Metro: Greene County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
The ZIP code 72474 in Unknown, AR presents unique challenges and opportunities for landlords and small-portfolio investors. Due to the lack of specific data on median income and market rate rental prices, it's crucial to focus on the available information regarding the Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD).
Housing vouchers in this area are based on an FMR of $910 for metro FY 2026. This figure represents the maximum amount that HUD will pay for housing assistance in the form of vouchers. However, the absence of median income data makes it difficult to assess how typical households in this ZIP code might fare against the market rate.
The affordability gap, which is the difference between the market rate and what a household can afford, is a critical factor in understanding the competition among landlords. If the market rate exceeds the FMR, landlords who accept vouchers may find themselves competing with those who seek higher rents from cash-paying tenants. Conversely, if the market rate is lower than or close to the FMR, landlords could attract a broader range of tenants, including those with vouchers.
The percentage of renters and the total population in ZIP 72474 are also unspecified, but these metrics would help gauge the demand for rental properties and the potential tenant pool. A higher percentage of renters typically means more competition among landlords, while a smaller percentage might indicate a less crowded rental market.
Takeaway: Landlords in ZIP 72474 should consider the $910 FMR as a benchmark for pricing their units, especially if they plan to cater to tenants using housing vouchers. Accepting vouchers can provide a steady stream of income, though it requires adherence to HUD guidelines and regulations. For those focusing on cash-paying tenants, understanding the local economic conditions and market dynamics will be essential to setting competitive rental rates that balance affordability with profitability.
Data Sources: FMR data from HUD (2027).
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.