Location: Fort Smith, AR | Metro: Fort Smith, AR-OK MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
The analysis of ZIP code 72913 within the Fort Smith, AR-OK MSA reveals several critical insights for landlords and small-portfolio investors.
The rent math in ZIP 72913 does not provide a clear comparison due to the lack of available market rent data. However, the Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $900. This figure should be used as a benchmark for rental pricing, though without market rent data, it's challenging to assess if this aligns with local demand.
Regarding property acquisition, the median home value in ZIP 72913 is currently unavailable. Additionally, the days on market (DOM) and the percentage of homes requiring price cuts are also not provided. These metrics would typically indicate whether properties are selling quickly at or above asking price, or if they are lingering on the market and needing adjustments. Without these specifics, it's difficult to gauge the affordability and ease of acquiring properties in this area.
Tenant demand in ZIP 72913 is also somewhat ambiguous due to missing data on the total population and the percentage of renters. These figures are crucial for understanding the size of the potential tenant pool and the proportion of residents who prefer renting over buying.
Verdict: While the Fair Market Rent provides a useful guideline at $900 per month, the lack of comprehensive data on market rents, median home values, days on market, price-cut percentages, and tenant demographics makes it challenging to form a definitive strategy for investment in ZIP 72913. Landlords and investors should seek out additional local market research to fill these gaps and make informed decisions.
Data Sources: FMR data from HUD (2027).
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.