Location: Yell County, AR | Metro: Logan County, AR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $188,240 | 0.77% | D |
U.S. Census Bureau data (2024)
The ZIP code 72834 is characterized by a significant portion of renters, with 31.2% of the population being renters. This indicates that there is a substantial demand for rental properties in the area. The median household income in this ZIP code is $63,131, which provides a benchmark for assessing the affordability of the current market rent.
The market rent of $906 per month represents approximately 17.8% of the median household income. This percentage suggests that the rent is relatively affordable for most residents, given their income levels. However, it also implies that there could be a segment of the population for whom this rent would constitute a significant portion of their monthly budget, especially considering other living expenses.
Comparing the market rent to the Fair Market Rent (FMR) of $980, which is set for FY 2026 in the metro area, we see that the current market rent is below the FMR. This discrepancy can indicate either a competitive rental market where landlords are pricing to attract tenants or a situation where the FMR is adjusted to accommodate the higher end of the rental spectrum. In either case, the lower market rent could be advantageous for landlords seeking to maximize occupancy rates.
In terms of Section 8 tenant profiles, landlords in ZIP 72834 can expect a mix of families and individuals who rely on housing vouchers to find affordable accommodation. Given the significant percentage of renters and the affordability of the current market rent relative to the median income, it's likely that many tenants will have a strong interest in using their vouchers in this ZIP code. The demand for Section 8 vouchers in this area is likely to be robust, driven by both the high proportion of renters and the reasonable cost of housing compared to incomes.
To summarize, ZIP 72834 is a renter-heavy area with a strong potential for Section 8 voucher utilization. Landlords should prepare for a tenant pool that includes those who are economically dependent on government assistance for housing. The combination of a moderate median income and a market rent that is slightly below the FMR suggests that the area is well-suited for a diverse range of tenants, including those with vouchers.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.