Location: Yell County, AR | Metro: Scott 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)
40.0% of residents in ZIP code 72833 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $595 market rent observed in the area, according to Census ACS data. In contrast, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, suggesting that landlords could potentially increase their rents to match the FMR without losing tenants.
$153,572 is the median home value in ZIP 72833, which provides a benchmark for property values in the region. However, the median income of $52,422 may limit the purchasing power of potential homeowners, thereby increasing the demand for rental properties. The disparity between median income and home values also supports the viability of rental investments, as it suggests that many cannot afford to buy homes outright.
The absence of specific data on days on market (DOM) and the percentage of price-cut shares indicates that there might be limited information on how quickly properties are selling and whether sellers are frequently lowering their prices. This gap can be filled by local real estate agents or by monitoring sales trends over time.
In summary, the high renter share and the gap between market rent and FMR suggest that there is room for growth in rental income for landlords and small-portfolio investors in ZIP 72833. The median income being lower than the median home value further supports the strength of the rental market over homeownership. For Section 8 investors, the alignment of the $595 market rent with the program's allowable rent makes it a feasible option, especially considering the potential to raise rents closer to the $880 FMR. Verdict: Section 8 is a viable investment option in ZIP 72833.
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.