Location: Logan County, AR | Metro: Franklin County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 72949, located in Logan County, AR metro, reveals several key insights. The HUD Fair Market Rent (FMR) for ZIP 72949 in fiscal year 2024 is set at $810. This amount represents the maximum rental assistance payment standard for a given area and unit size under the Section 8 Housing Choice Voucher program.
In contrast, the Census American Community Survey (ACS) reports the average market rent for ZIP 72949 at $717. Given that the HUD FMR exceeds the market rent by $93, voucher tenants will cashflow positively at the FMR rate. This means landlords can expect a steady income stream without the risk of losing money on rent payments.
To further understand the investment potential, consider the median home value in ZIP 72949, which stands at $172,503. The rent-to-price ratio can be calculated by dividing the annual rent ($717 x 12 months = $8,604) by the median home value. This results in a ratio of approximately 5%, indicating a relatively low cost of renting compared to buying. However, this ratio alone does not necessarily imply strong rent-vs-buy dynamics, as other factors such as mortgage rates and property taxes also play a role.
The median days on market (DOM) for properties in this area is not available, and the share of homes that experienced a price cut is a negligible 0.1%. These figures suggest that the real estate market in ZIP 72949 is stable, with minimal fluctuations in property values and little need for price adjustments.
The strongest investor angle in ZIP 72949 is cashflow. Landlords who accept Section 8 vouchers can expect to receive regular rental payments that exceed the local market rent, ensuring a positive cashflow position. This makes the area particularly attractive for small-portfolio investors looking to generate consistent returns without the risks associated with volatile markets.
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.