Location: Logan County, AR | Metro: Franklin County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 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 72951 is located in the rural area of Pope County, Arkansas. This neighborhood is characterized by a modest population of 729 residents, with a significant portion—22.8%—being renters. The median household income in this region stands at $39,038, reflecting a community that is largely middle-income. Notably, the median home value is not available, which suggests that there might be limited data on property values in this area, possibly due to its rural nature.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 72951 for fiscal year 2024 is set at $810. In comparison, the market rent based on Census ACS data is $721. This indicates a potential opportunity for landlords who can offer units at or slightly above the market rate but below the FMR threshold, thus qualifying for Section 8 vouchers without necessarily undercutting the local rental market.
Given these figures, ZIP 72951 is likely to attract hands-off voucher operators rather than hands-on value-add buyers. The stable demand for rental properties, driven by the percentage of renters and the relatively high FMR compared to the actual market rent, supports a passive investment strategy. However, for those interested in a more active approach, there could be scope for improvements in property quality to justify rents closer to the FMR level, thereby maximizing the benefits of Section 8 participation.
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.