Location: Marion County, AR | Metro: Marion County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 72672, located in Arkansas, presents an interesting scenario for both renters and landlords. The median income for households here is $36,620. Considering this figure, it becomes evident that affording the market rate rent, which is currently unspecified, would be challenging for many residents. However, comparing this to the federal payment standard for housing vouchers, set at $950 per month for the fiscal year 2026, provides a clearer picture of rental affordability.
The voucher payment standard is designed to help low-income families afford decent housing. At $950, this amount is significantly lower than what would typically be required to cover the market rate rent in most areas, suggesting a substantial affordability gap for those relying solely on their income. Given that only 16.8% of the 227 residents in this area are renters, landlords must carefully consider their strategies to remain competitive and attract tenants.
The limited number of renters means that landlords have fewer potential tenants to choose from, making competition for these vouchers particularly intense. Landlords who accept vouchers will find themselves in a unique position, as they can secure long-term tenants who benefit from government support. However, those who focus exclusively on cash-paying tenants might struggle due to the low median income, which limits the disposable funds available for rent.
In conclusion, for landlords in ZIP 72672, accepting vouchers is a viable strategy to ensure steady occupancy and a reliable source of income. While the voucher payment of $950 is fixed, it remains a stable option compared to the uncertainty of finding cash-paying tenants willing and able to pay higher rates in a low-income area. Landlords should weigh the benefits of voucher stability against the potentially higher rents from cash-paying tenants, considering the local economic conditions and the limited rental market size.
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.