Location: Fayetteville-Springdale-Rogers, 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 |
The ZIP code 72735 in Fayetteville-Springdale-Rogers County, AR, stands out due to limited data availability, which includes an absence of figures for resident population, rental percentage, median income, and median home value. This scarcity of information suggests that landlords and small-portfolio investors must rely on broader regional trends to make informed decisions about this area.
Despite the lack of detailed local data, the Fair Market Rent (FMR) for ZIP 72735 is established at $1060 for the fiscal year 2024. This figure is crucial for understanding the economic viability of Section 8 properties in this region. The FMR is used to determine the payment standard for housing assistance under the Section 8 program. Without specific market rent data for ZIP 72735, it's prudent to compare this FMR against the broader Springdale-Fayetteville-Rogers metro area to gauge how competitive these rates are.
The voucher economics in ZIP 72735 hinge on the $1060 FMR. Landlords should consider this amount when setting rents for units participating in the Section 8 program. While the FMR provides a baseline, the actual market conditions can vary, necessitating careful consideration of unit location, size, amenities, and condition to ensure competitiveness and profitability.
Given the incomplete data signature for ZIP 72735, it's challenging to definitively label the area as either stable or transitional. However, the reliance on broader regional data points to a transitional phase where specific local metrics have yet to be fully captured or reported. This indicates potential growth or change in the area, which could present opportunities for savvy investors willing to navigate the uncertainties with strategic foresight.
Data Sources: FMR data from HUD (2027).
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.