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 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP 72615 are renters, indicating a predominantly owner-occupied community. This statistic aligns with the $880 Fair Market Rent (FMR) set for the metro area for fiscal year 2026, which is notably lower than typical rental rates in many other regions. Given the $35,000 median household income in this area, landlords must carefully consider their pricing strategies to attract tenants. The Fair Market Rent provides a benchmark for setting rental prices that are affordable yet profitable. Despite the lack of data on market rent and median home values, the low renter share suggests limited competition from homeownership opportunities, potentially stabilizing the rental market. However, the absence of data on days on market (DOM) and the percentage of homes that have been price-cut indicates a need for further research into local real estate trends. For landlords and small-portfolio investors looking to capitalize on Section 8 housing opportunities, the current fair market rent and median income figures suggest a cautious but feasible approach.
The verdict on Section 8 eligibility in ZIP 72615 is positive, given the alignment between the $880 FMR and the $35,000 median income. Landlords can expect stable occupancy and government-backed rental payments, making it a reliable investment option despite the low renter share.
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.