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 dynamics of the ZIP code 72766 in Unknown, AR, reveal a market in motion, though certain metrics are currently unavailable. The Fair Market Rent (FMR) for the area is set at $1060 for fiscal year 2024, providing a benchmark for rental pricing. Despite the lack of specific market rent data, the fact that the FMR is established suggests that there is a recognized need for affordable housing in the region.
The absence of percentage data on price-cut shares and days on market (DOM) indicates that the supply-demand balance is unclear without further context. However, when considering the median home value is also listed as N/A, it's reasonable to infer that the housing market may be less active or have fewer transactions compared to more populated areas. This could imply either a stable market with consistent pricing or a market with limited supply and demand data.
A key factor to consider is the N/A% renter share, which reflects the proportion of renters in the ZIP code. While this specific figure is not available, a high renter share typically signals long-term housing pressure, indicating a need for more rental units. Conversely, a low renter share might suggest that homeownership is more prevalent, potentially leading to different types of market pressures, such as a need for more affordable homes or improvements in existing properties.
In summary, ZIP 72766 presents a market where the established FMR of $1060 plays a crucial role in guiding rental pricing. The lack of detailed market metrics, however, means that the precise balance between supply and demand remains uncertain. Landlords and small-portfolio investors should focus on understanding the local economy and demographic trends to make informed decisions. The dynamics of the housing market in this area underscore the importance of monitoring affordability and the prevalence of renters to gauge future housing pressures.
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.