Location: Izard County, AR | Metro: Izard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 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)
ZIP code 72528, located within the Izard County, AR metro, has an important figure to consider: its Fair Market Rent (FMR) for fiscal year 2026 stands at $880. This FMR is a critical benchmark set by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum rent that low-income families can afford under the Section 8 housing voucher program.
The absence of specific market rent and home value data for ZIP 72528 makes direct comparisons challenging. However, we can infer its position within the local real estate landscape based on the available information. With a 16.8% share of renters, this ZIP code shows a higher concentration of tenants compared to the typical ZIP codes within Izard County, which usually have a lower renter share. This higher tenant percentage could indicate a greater demand for rental properties, potentially benefiting landlords and small-portfolio investors.
The FMR of $880 suggests that the rental market in ZIP 72528 is somewhat subsidized by the Section 8 program. In a broader context, when a ZIP code exhibits a high renter share alongside below-metro average home values, it often signifies a favorable environment for Section 8 participants. While we do not have explicit home value data for ZIP 72528, its elevated renter share combined with the defined FMR points towards a scenario where rental properties are more affordable relative to other areas within the Izard County metro.
In summary, ZIP 72528 appears to be a value pocket within the Izard County, AR metro. The $880 FMR, indicative of government-subsidized rents, coupled with a significant 16.8% renter share, suggests a strong presence of Section 8 households. Landlords and small-portfolio investors should focus on understanding the local rental dynamics and the implications of the Section 8 program for their investment strategies in this area.
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.