Location: Franklin County, AR | Metro: Fayetteville-Springdale-Rogers, AR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 72721, located within the Franklin County area of the AR metro, presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for this zip code in fiscal year 2024 is set at $970. However, without specific data on the current market rent, it's difficult to accurately assess how voucher tenants will cashflow at this rate. Generally, if the FMR is below the market rent, voucher tenants would only cashflow with premium units or in cases where landlords offer incentives to attract tenants.
The median home value in ZIP 72721 is currently unavailable, which means deriving an exact rent-to-price ratio is not possible. Nonetheless, the rent-to-price ratio is a key metric that helps investors understand the relative affordability of renting versus buying in a given market. If the median home value were known, we could calculate this ratio to provide insights into the local real estate dynamics.
The days on market (DOM) and the percentage of homes that require a price cut before selling are also crucial indicators for understanding the broader housing market. Unfortunately, these figures are not available for ZIP 72721. Typically, lower DOM and fewer price cuts suggest a stronger buyer market, which can influence rental rates and tenant behavior.
In conclusion, while the HUD FMR of $970 provides a benchmark for rental pricing in ZIP 72721, the lack of detailed market rent data makes it challenging to determine if voucher tenants will cashflow at this rate or if they will only do so with premium units. The strongest angle for investors in this area remains stability, given the reliance on government-subsidized rents and the predictability of HUD's annual adjustments.
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.