Location: Izard County, AR | Metro: Izard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 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 real estate market in ZIP code 72517 presents a nuanced scenario for both landlords and small-portfolio investors. The median home value is currently unavailable, as are the percentages of listings that have been reduced and the median days on market (DOM), which suggests limited recent activity or data coverage in this area.
Despite these gaps in data, it's crucial to consider the rental market dynamics. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $880, which provides a benchmark for rental prices. However, the current market rent and its comparison to the FMR are also not available, indicating a need for further investigation into local rental trends.
The absence of recent pricing adjustments and DOM data signals stability in the housing market. Landlords and investors should expect continued steady demand for rental properties, especially given the FMR figure. This stability implies that there is little pressure to reduce rents below the FMR level, maintaining a consistent income stream for those who own rental units.
For long-term investors, the setup suggests a cautious approach. With the median home value and other key metrics missing, it's difficult to build a strong appreciation thesis based on current data alone. Investors should look beyond the immediate ZIP code to broader regional trends and economic indicators to inform their investment strategies.
In conclusion, while the specific data points for ZIP 72517 are incomplete, the overall picture points towards a stable market where landlords can maintain rents near the FMR without significant risk. Long-term investors should proceed with caution, focusing on diversification and broader economic factors to support their investment decisions.
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.