Location: Yell County, AR | Metro: Scott County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 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 72838 is located in a predominantly homeowner-driven neighborhood with a total population of 203 residents. Notably, there are no reported renters within this area, indicating a strong preference for homeownership among the local populace. The median household income stands at a robust $85,580, suggesting that residents have a comfortable financial standing. However, the median home value is not available, which could be due to the limited number of properties in the area or a lack of recent sales data.
Moving into the economic analysis of rental properties, the Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $880. This figure represents the maximum amount that a Section 8 voucher holder can pay towards rent, based on HUD guidelines. Unfortunately, the market rent for the area is also not available, making it difficult to assess how competitive the FMR is relative to what tenants might typically pay in the local market. Given the absence of renters in the ZIP code, it's possible that rental properties are scarce or nonexistent, which could explain the lack of market rent data.
Considering these factors, ZIP 72838 would likely be a challenging environment for a hands-off Section 8 voucher operator. The lack of reported rental units suggests a low demand for rental properties, and the high median income indicates that many residents might be able to afford housing without the need for government assistance. For a hands-on value-add buyer, however, the opportunity may lie in converting underutilized or vacant properties into rental units that cater to lower-income families seeking affordable housing solutions through Section 8 vouchers. This strategy would require active management and possibly renovations to make the properties attractive to potential tenants.
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.