Location: Baxter County, AR | Metro: Baxter County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 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)
ZIP code 72651, located within the Baxter County, AR metro, presents a unique profile compared to other ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 72651 is set at $1,100 for fiscal year 2026, slightly above the market rent of $1,044. This indicates that while the rents are somewhat higher than what the market dictates, they are still within a reasonable range.
The median home value in ZIP 72651 is $199,474, which is lower than many ZIP codes in Baxter County, AR. However, it is important to note that this figure alone does not fully determine the attractiveness of the ZIP code for landlords and small-portfolio investors. The 28.2% renter share is notably higher than the average for the county, suggesting a significant portion of residents prefer renting over owning.
Given these figures, ZIP 72651 can be classified as a value pocket within its metro. It offers a combination of relatively affordable home values and a higher-than-average renter population, making it an attractive area for those looking to invest in rental properties. The higher renter share coupled with below-metro home values is a characteristic often seen in areas favored by Section 8 participants, thus potentially indicating a sweet spot for landlords who are willing to accept Section 8 housing vouchers.
To summarize, ZIP 72651 stands out due to its higher renter share and more accessible home values compared to the broader Baxter County, AR metro. These factors suggest that it is a good location for landlords and small-portfolio investors seeking to capitalize on the demand for rental housing without facing the challenges associated with higher-priced markets.
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.