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 rental landscape in ZIP code 72828 presents a unique set of challenges and opportunities for landlords and small-portfolio investors. Given the lack of specific data on median income and market rate rents, it is essential to focus on the available information to draw meaningful conclusions.
A significant portion of the residents, 76.7%, are renters, indicating a robust demand for housing in this area. However, the absence of median income data suggests potential economic uncertainty or a smaller sample size, which could impact the stability of rental income.
The Fair Market Rent (FMR) standard for vouchers in the metro area for fiscal year 2026 is set at $880. This figure serves as a benchmark for what low-income households might be able to afford through government assistance. It also highlights the affordability gap for those without vouchers, as market rates are likely higher but remain unspecified.
In an environment where 123 people are vying for rental housing, landlords face stiff competition. The voucher payment standard of $880 provides a guaranteed source of income, albeit at a fixed rate. For landlords, this means a trade-off between the security of a steady stream of rental payments and the potential for higher cash-pay rents.
The takeaway for landlords considering voucher versus cash-pay strategies is clear. While voucher tenants offer a reliable income source, landlords should be prepared for lower rents compared to the market rate. Conversely, focusing on cash-paying tenants could lead to higher rental income, but landlords must assess the local economic conditions and tenant preferences carefully to ensure long-term occupancy and financial stability.
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.