Location: Newton County, AR | Metro: Newton County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 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)
The ZIP code 72628, located within the Newton County, AR metro area, has a Fair Market Rent (FMR) of $880 for fiscal year 2026. This figure represents the median rental price for a two-bedroom apartment in the area, which is a critical metric for landlords and investors considering properties within Section 8 programs.
While specific market rent and home value data for ZIP 72628 are not available, we can infer its position within the Newton County, AR metro based on the given FMR and the 8.4% renter share. Typically, an FMR of $880 suggests that 72628 falls into the mid-tier category of neighborhoods within the metro, neither being the most expensive nor the least valuable.
A higher-than-average renter share can indicate a concentration of renters who might rely on government assistance, such as Section 8 vouchers. In comparison to other ZIP codes in Newton County, AR, where the average renter share is likely lower, 72628 stands out due to its relatively high percentage of renters. This characteristic makes it potentially attractive for landlords looking to participate in the Section 8 program, as there is a larger pool of potential tenants who qualify for housing assistance.
The absence of specific market rent and home value data for ZIP 72628 introduces uncertainty regarding its exact standing relative to other areas within the Newton County, AR metro. However, given the FMR and the elevated renter share, it's reasonable to conclude that 72628 could be considered a value pocket for Section 8 participants. Landlords in this ZIP code can expect to receive a steady stream of qualified tenants through the voucher program, making it a stable investment opportunity despite the lack of precise market value comparisons.
To summarize, ZIP 72628 appears to be a mid-tier neighborhood with a significant renter population, suggesting it may offer value to landlords involved in the Section 8 program. The combination of a moderate FMR and a higher-than-average renter share points towards a location that could serve as a sweet spot for those seeking to leverage the benefits of the housing assistance program.
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.