Location: Johnson County, AR | Metro: Johnson County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The ZIP code 72832 is predominantly a renter-heavy area, with 33.2% of its population of 649 residents being renters. This percentage indicates a significant portion of the population relies on rental housing, suggesting a robust demand for Section 8 tenants. Given the median household income of $27,356, the typical market rent of $602 represents a substantial financial burden, consuming approximately 22% of the average monthly income. This is higher than the federal fair market rent (FMR) of $880, which is set for FY 2026 in the metro area, indicating that rents in 72832 are below the FMR threshold.
Landlords in ZIP 72832 can expect a tenant pool that is heavily reliant on housing vouchers to manage their living expenses. The disparity between the median income and the market rent suggests that many residents would find it challenging to afford housing without assistance. Therefore, the demand for affordable housing supported by Section 8 vouchers is likely to be high.
To summarize, the tenant profile in ZIP 72832 consists primarily of low-income individuals who require housing subsidies to meet their rental obligations. Landlords should prepare for a steady stream of applicants seeking Section 8 vouchers to cover a significant portion of their rent. With rents at $602 and median income at $27,356, the financial strain on potential tenants is evident, making them ideal candidates for voucher programs.
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.