Location: Marion County, AR | Metro: Boone County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 72682 is situated in the rural outskirts of Heber Springs, Arkansas. This area is characterized by a modest population of 226 residents, with a relatively low percentage of 21.8% being renters. The median household income here stands at $45,038, reflecting a community where many residents own their homes rather than rent them. Notably, the median home value is not available, indicating a lack of comprehensive data on property values in this region.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 72682 as of the metro fiscal year 2026 is set at $940. This figure represents the maximum amount a voucher holder can pay towards rent. However, the market rent for the area is also not available, which suggests that there might be limited rental properties or that the rental market is underdeveloped compared to other regions.
Given the context of these economic factors, ZIP 72682 would likely appeal more to a hands-off voucher operator than to a hands-on value-add buyer. The relatively low percentage of renters indicates a smaller pool of potential tenants who could benefit from Section 8 vouchers. Additionally, the modest population size and the lack of detailed market rent data suggest that the rental market dynamics are less robust, making it challenging for an active investor to find opportunities for significant improvements or renovations that could command higher rents.
For landlords and small-portfolio investors considering Section 8 participation, the fixed FMR of $940 provides a clear guideline for setting rental rates. However, the absence of market rent data means that there's little comparative information to assess whether this rate is above or below what the local market might bear. This situation favors a passive investment strategy, where the focus is on providing stable housing to voucher holders rather than engaging in complex property management activities aimed at maximizing rental yields.
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.