Location: Independence County, AR | Metro: Independence County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
ZIP code 72564, located within the Independence County, AR metro area, presents a unique profile when compared to other ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 72564 is set at $900 for fiscal year 2026, which is higher than the market rent of $475 observed in the area. This discrepancy suggests that 72564 could be considered a value pocket for potential Section 8 tenants, as the subsidized rent rate is significantly above the local market rate.
The lack of data on home values in ZIP 72564 makes direct comparisons challenging; however, the 18.0% renter share indicates a notable portion of the population relies on rental housing. This percentage aligns closely with the average renter share across Independence County, suggesting that while there might be a significant number of renters, it does not necessarily signal an over-reliance on rental properties compared to the broader county context.
Given the high FMR relative to the market rent, landlords and small-portfolio investors in ZIP 72564 should consider this area as particularly attractive for Section 8 voucher holders. The subsidy effectively covers more than the average market rent, making it financially viable for both tenants and property owners. However, the absence of home value data means that investments in owner-occupied homes cannot be evaluated based on this comparison alone.
To summarize, ZIP 72564 stands out as a value pocket within the Independence County, AR metro due to its favorable FMR-to-market rent ratio. This characteristic positions it well for landlords looking to attract Section 8 tenants without the need for extensive renovations or improvements to meet the higher subsidy rates. The 18.0% renter share, while significant, does not indicate an unusual concentration of renters compared to the county average, thus maintaining a balanced investment appeal.
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.