Location: Yell County, AR | Metro: Yell County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 72827 is situated in a predominantly residential area of Arkansas. With a population of 78, it is clear that this is a small, close-knit community where familiarity and local ties are likely strong. The rental market here is modest, with 23.5% of residents being renters. This indicates a primarily owner-occupied environment, suggesting that any rental properties would be well-recognized and potentially subject to scrutiny from long-term residents.
Economically, the median household income in ZIP 72827 is $28,021, which is relatively low compared to national averages. This could imply a significant portion of the population might rely on government assistance such as housing vouchers. Given the low median income, the Federal Market Rent (FMR) of $880 for the metro area in fiscal year 2026 is particularly relevant. However, the lack of data on the actual market rent makes it challenging to assess how competitive this FMR figure is within ZIP 72827 itself.
Considering the characteristics of this ZIP code, it appears to be a suitable location for a hands-off voucher operator. The low median income suggests that tenants qualifying for Section 8 vouchers will find the rent affordable, and the modest rental market size means that demand for these units can be met without significant competition. For a hands-on value-add buyer looking to improve and manage properties actively, the limited data on market rents and the small scale of the community might present challenges in identifying opportunities for higher returns through value-added strategies.
In summary, ZIP 72827 offers a straightforward opportunity for hands-off Section 8 investment, given the alignment between the FMR and the local economic conditions. However, for those seeking to engage more directly with property management and value enhancement, additional research and a nuanced understanding of the local market dynamics would be necessary to identify potential for growth beyond the basic rental income provided by vouchers.
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.