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)
26.5% of residents in ZIP code 72584 are renters, indicating a significant portion of the population relies on rental housing. In this area, the Fair Market Rent (FMR) for metro FY 2026 is set at $880, which represents the amount landlords can charge tenants participating in the Section 8 program. This figure is crucial for landlords as it defines the maximum allowable rent subsidy for eligible households.
$33,326 is the median income for the area, a statistic that highlights the economic context in which rental properties operate. Despite the relatively low median income, the high renter share suggests a strong demand for affordable housing options, making the Section 8 program particularly relevant for both tenants and landlords in ZIP 72584.
The lack of available data on market rent and median home values means that we must rely on the FMR and median income figures to assess the local housing market's dynamics. The absence of such data does not necessarily indicate an anomaly but rather a need for landlords to closely monitor these factors to ensure their rental rates align with the market and remain competitive.
Given the high percentage of renters and the established FMR, landlords in ZIP 72584 can expect a steady stream of potential tenants interested in Section 8 housing. This program provides a reliable source of income through government subsidies, which can be especially beneficial in areas with lower median incomes where traditional market rents might be harder to achieve.
A one-line Section 8 verdict for ZIP 72584: With a substantial 26.5% renter share and an FMR of $880, the Section 8 program presents a viable option for landlords seeking stable occupancy and income in a market with a significant demand for affordable housing.
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.