Location: Boone County, AR | Metro: Boone County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
The Section 8 market in ZIP code 72602, located in Boone County, Arkansas, presents a unique investment opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for the Boone County metro area for fiscal year 2026 is $880. However, due to the lack of specific market rent data for this area, it's challenging to make a direct comparison between the HUD FMR and actual market rents.
Voucher tenants in this ZIP code will likely cashflow at the FMR rate, given that the HUD FMR is typically aligned with the lower end of the market rent spectrum. This means that landlords can expect to cover their operating costs and possibly some of their mortgage payments with the voucher amount, though exact figures depend on individual property expenses.
The median home value in ZIP 72602 is currently unavailable, which makes deriving an accurate rent-to-price ratio difficult. However, this missing information could suggest that the area has a limited number of homes sold recently, indicating potential stability in the housing market.
Regarding the days on market (DOM) and price-cut share percentages, these metrics are also not available. Nonetheless, these factors are crucial when considering the rent-versus-buy dynamics. If there were data, it would help determine how long properties typically stay on the market and what percentage of sellers might be willing to negotiate on price, which can impact the attractiveness of renting versus buying in the area.
The strongest investor angle in ZIP 72602 is likely cashflow, as voucher tenants can cover operational costs at the FMR rate. This makes it a viable option for investors looking to generate steady income through rental properties without relying heavily on property appreciation or fluctuating market conditions.
Data Sources: FMR data from HUD (2027).
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.