Location: Logan County, AR | Metro: Fort Smith, AR-OK MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 72933 stands out in terms of its real estate dynamics, characterized by a population of 5,087 residents where 19.6% are renters. The median income here is $59,318, while the median home value is notably higher at $195,457. This combination suggests a relatively affluent area with a smaller but significant rental market.
The Federal Market Rent (FMR) for ZIP 72933 is set at $890 for fiscal year 2024, which is substantially above the market rent of $696 according to Census ACS data. This discrepancy indicates that landlords participating in the Section 8 program can expect to receive higher rents than what the market currently dictates, potentially making it a lucrative option for those with properties in this ZIP code.
In terms of the economic stability of the area, the data points towards a stable environment. The median income is healthy, and the high median home value suggests a strong local economy. The percentage of renters, though lower than the national average, is still substantial enough to support a viable rental market, particularly for those willing to participate in the Section 8 program.
To summarize, ZIP 72933 offers an interesting opportunity for landlords and small-portfolio investors due to its higher-than-market FMR rates under the Section 8 program. With a median income that supports affordability and a median home value indicating a prosperous neighborhood, the ZIP code presents a stable environment for investment.
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.