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 |
U.S. Census Bureau data (2024)
The ZIP code 72749 presents a unique snapshot of the rental market that can be interpreted through the lens of current data. With a Fair Market Rent (FMR) set at $1060 for fiscal year 2024, it's clear that this area is positioned within a moderate range of affordability for renters. However, the absence of market rent data suggests a lack of significant activity in the rental sector, indicating a potentially underdeveloped or niche rental market.
The 0.0% renter share statistic is particularly noteworthy. This figure implies that virtually all residents in ZIP 72749 own their homes, which points to a strong homeownership culture and possibly limited availability of rental properties. In such a scenario, the rental market could face long-term pressure due to the scarcity of units. Landlords and small-portfolio investors should consider the potential for increasing demand as the population grows or changes, but the current data does not support an immediate surge in rental activity.
While the median home value and days on market (DOM) are not available, the overall picture suggests a market where homeownership is favored over renting. This preference for owning homes could indicate that the local economy supports stable employment and income levels, allowing residents to invest in property rather than rent. The dynamics of this market might be less about supply and demand and more about the community's financial stability and preference for homeownership.
In conclusion, ZIP 72749 operates within a context where homeownership is predominant, and the rental market is relatively dormant. The FMR of $1060 provides a benchmark for rental pricing, but without further market rent data, it's challenging to assess the true dynamics between supply and demand. For investors looking to enter the rental market, understanding these underlying trends is crucial for making informed decisions.
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.