Location: Independence County, AR | Metro: Cleburne County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
0.4% of the residents in ZIP code 72534 are renters, indicating a relatively low demand for rental properties in this area. This statistic is crucial for landlords and small-portfolio investors looking to enter or expand in the 72534 market. Despite the limited rental market, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 stands at $920, which is the benchmark used by HUD for determining payment standards under the Section 8 program.
$920 is the maximum amount that landlords can charge tenants participating in the Section 8 program in ZIP 72534. However, it's important to note that the actual market rent in the area is not available, suggesting that there might be a lack of sufficient rental listings or data to provide an accurate figure. This absence of market rent data could imply that rents are either significantly below or above the FMR, depending on supply and demand dynamics.
The median home value and median income figures for ZIP 72534 are also not available, which means that investors cannot directly compare these metrics against the FMR to assess affordability and potential tenant eligibility. Without these key indicators, making informed decisions about the profitability and sustainability of Section 8 properties becomes challenging.
The days on market (DOM) and the percentage of price-cut share are both marked as N/A, pointing to a scarcity of recent sales data that could help predict how long it takes to sell a property and whether price reductions are common in the area. For investors focusing on the resale market, these missing pieces of information could be critical in understanding the local real estate climate.
In summary, while the 0.4% renter share suggests a niche market, the $920 FMR offers a clear guideline for pricing Section 8 units. The lack of detailed market data, however, presents significant challenges in fully assessing the investment landscape in ZIP 72534. For those willing to navigate these uncertainties, the potential exists to serve a segment of the housing market that is underserved but has defined financial support through the Section 8 program.
Section 8 Verdict: A cautious approach is advised due to limited market data, but the $920 FMR provides a solid foundation for investment in the 72534 ZIP code.
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.