Location: Logan County, AR | Metro: Logan County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 72851 stands out due to its unique characteristics among similar areas. With a population of 829 residents, only 5.3% are renters, indicating a predominantly owner-occupied area. The median income in this ZIP is $68,750, which suggests a middle-class community. However, the lack of data on the median home value presents a challenge in fully assessing the housing market dynamics.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $910. This figure is critical for landlords and small-portfolio investors as it represents the maximum rent that can be charged to tenants with vouchers. Despite the FMR being established, the absence of comparable market rent data for ZIP 72851 makes it difficult to gauge how competitive these rents are within the local context.
The data signature for ZIP 72851 reads as stable, primarily due to the low rental rate and the established median income. However, the lack of detailed market data introduces an element of uncertainty, suggesting a potential transitional phase where more comprehensive data could offer clearer insights into the economic conditions and housing market trends. For investors considering this ZIP, it's essential to keep an eye on future updates in market rent data to make informed decisions.
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.