Location: Izard County, AR | Metro: Izard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 72585 in Izard County, AR reveals several key points that are crucial for landlords and small-portfolio investors.
The first question is whether the rent math works. The Fair Market Rent (FMR) for the area is set at $880 per month for fiscal year 2026. However, the market rent is currently listed as N/A, indicating a lack of recent data. Without up-to-date market rent figures, it's challenging to definitively conclude if the rent math aligns with market expectations. Nonetheless, landlords should aim to keep their rental rates close to the FMR to ensure competitiveness and compliance with HUD guidelines.
Regarding the affordability of acquisition, the data shows that the median home value is also listed as N/A. This suggests that there might be limited data available on property values, which could indicate a less active real estate market. The days on market (DOM) and the percentage of properties needing a price cut are both listed as N/A, making it difficult to assess the ease of acquiring properties. Investors would need to conduct further research to understand the current trends in property pricing and sales activity.
Tenant demand in ZIP 72585 is another critical factor. With a total population of only 187, and a renter share of 0.0%, it's evident that the demand for rental units is extremely low. This poses a significant challenge for landlords looking to fill vacancies and maintain occupancy levels.
Verdict: While the Fair Market Rent provides a benchmark for rental rates, the lack of current market rent data complicates the assessment of rent math viability. Acquisition affordability cannot be determined due to insufficient data on median home values and sales trends. Most critically, the near-zero renter share in a small population indicates that tenant demand is unlikely to support rental investments effectively. Landlords and small-portfolio investors should proceed with caution and consider the broader economic context of the area before committing to investments in ZIP 72585.
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.