Location: Randolph County, AR | Metro: Jonesboro, AR HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $152,782 | 0.83% | C |
U.S. Census Bureau data (2024)
The ZIP code 72476, located within the Randolph County, AR metro area, presents an interesting profile when compared to typical ZIP codes in the county. Its Fair Market Rent (FMR) for FY 2024 is set at $810, slightly above the market rent figure of $784. This suggests that while rental prices in 72476 are somewhat higher than the average market rate, they remain within a reasonable range for the area.
The median home value in ZIP 72476 stands at $129,279. This figure is likely to be reflective of the overall housing market conditions in Randolph County, indicating that properties here are moderately priced. Given that 42.2% of households are renters, this ZIP code has a notably higher renter share than many others in the county, which typically have lower percentages of renters.
The combination of a high renter share and below-average home values can often indicate a sweet spot for Section 8 investments. In ZIP 72476, the lower home values coupled with a significant portion of the population renting could mean that there is a strong demand for affordable rental units. This makes it a potentially attractive location for landlords and small-portfolio investors looking to serve the needs of low-income tenants who rely on Section 8 vouchers.
However, the fact that the FMR is only marginally higher than the market rent suggests that the rental market in 72476 is not significantly overpriced. Therefore, it would be categorized more as a value pocket rather than a premium sub-market. Value pockets are areas where rental properties offer good returns without commanding the highest rents, making them ideal for investors seeking a balance between affordability and profitability.
To further understand how 72476 compares to other ZIP codes in the metro area, it's important to consider additional factors such as employment rates, local amenities, and access to transportation. These elements can influence the attractiveness of the area and the potential success of rental investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.