Location: Boone County, AR | Metro: Boone County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The market snapshot for ZIP code 72630 reveals a dynamic rental environment that is currently underserved with available data points. The Fair Market Rent (FMR) stands at $970 for the fiscal year 2026, indicating a clear benchmark set by HUD for the metro area. However, the absence of current market rent figures suggests a lack of recent, comprehensive data on actual rental rates, which could be due to various factors including limited reporting or an evolving local market.
The missing percentage of price-cut share and days on market (DOM) further highlight gaps in the current dataset, making it challenging to assess the immediate supply-demand balance. Yet, the known 24.3% renter share paints a compelling picture of the area's long-term housing dynamics. This figure implies a significant portion of the population relies on rental properties, suggesting persistent demand pressures on the housing market. For landlords and small-portfolio investors, this indicates a steady clientele base, reducing the risk of prolonged vacancies.
The median home value being unspecified adds another layer of uncertainty, but it aligns with the observed high renter share. Typically, areas with a higher proportion of renters might have lower median home values, which can be attributed to a mix of affordability concerns and the attractiveness of rental options over homeownership. This dynamic supports the idea that the market in ZIP 72630 leans towards a scenario where demand could potentially outpace supply, especially if the trend of renting continues to grow.
While specific time-series data is lacking, the combination of a defined FMR and a notable renter share suggests an active market with ongoing interest from both tenants and investors. Landlords should be prepared for a competitive landscape, particularly around maintaining rents close to the FMR to attract and retain tenants. Small-portfolio investors looking to enter this market should consider the potential for long-term stability due to the consistent demand for rentals, even as they navigate the uncertainties posed by incomplete data.
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.