Location: Van Buren County, AR | Metro: Searcy County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 72629 is located in a rural setting within Pope County, Arkansas. This area is characterized by a modest-sized community with a total population of 223 residents. The rental market is relatively small, with only 9.2% of the population being renters, indicating a primarily owner-occupied environment. The median household income in this ZIP code is $41,635, which suggests that while the area is not affluent, it is economically stable enough to support some level of rental activity.
Moving into the specifics of the rental market, the Fair Market Rent (FMR) for the metro area, applicable to fiscal year 2026, is set at $890. However, specific market rent data for ZIP 72629 is not available, which could indicate a lack of active rental properties or limited data collection in such a sparsely populated area. This absence of precise market rent figures makes it challenging to directly compare the FMR to actual local rental prices, but it does suggest that the rental market might be less competitive compared to urban areas.
Given the characteristics of ZIP 72629, it would likely appeal more to a hands-off voucher operator rather than a hands-on value-add buyer. The small percentage of renters and the overall modest size of the community make it a less attractive option for someone looking to actively manage and improve multiple properties. Instead, a landlord or investor who is comfortable with the Section 8 program and can manage a few properties without requiring extensive renovations or improvements would find this ZIP code suitable. The stability provided by the Section 8 program, with its guaranteed $890 monthly rent, can offer a reliable income stream in an area where traditional market fluctuations may be less pronounced due to the limited number of rental units.
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.