Housing market/Arkansas/ZIP 72941

ACS 2023 · FY2027 SAFMR

ZIP 72941 Lavaca, Arkansas

Fort Smith, AR-OK MSA · Arkansas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
4,775
Households
1,809
Median HH income
$77,292
Renter share
15.5%
Median gross rent
$889
Vacancy
11.5%
Pop. change
-11.6%
2BR SAFMR
$990
SAFMR / rent
1.114×
2–49 unit stock
68
LIHTC proj / units
1 / 18
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 72941 · AR — sent to you.

ZIP 72941 · AR

ACS median rent$889
2BR SAFMR$990
90% floor$891
110% ceiling$1,089

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 72941

  • 1-unit detached1,54377.6%
  • 1-unit attached120.6%
  • 2–4 units603.0%
  • 5–49 units80.4%
  • Mobile36518.4%
TypeUnitsShare
1-unit detached1,54375.5%
1-unit attached120.6%
2 units (duplex)371.8%
3–4 units231.1%
5–9 units00.0%
10–19 units80.4%
20–49 units00.0%
50+ units00.0%
Mobile36517.9%

2–4 unit share 2.9% · 5–49 unit share 0.4% · combined 2–49 3.3%.

Units by bedrooms

Studio
0
1BR
147
2BR
251
3BR
1,448
4BR
174
5+
23

Rent burden

Rent ≥30% of income15.4%
Rent ≥50% of income0.0%
  • ACS median gross rent $889 (all bedrooms, occupied rentals).
  • Median contract rent $711.
  • Renters paying ≥30% of income 15.4%; ≥50% 0.0%.
  • FY2027 2BR SAFMR $990 (1.114× ACS median gross rent).

Population

4,775 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -11.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 18 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 112 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 72941 15.5% of occupied households are renters; vacancy is 11.5%; ACS median gross rent is $889; population changed -11.6% between the 2018 and 2023 ACS vintages; the housing stock includes 60 units in 2–4-unit structures and 8 units in 5–49-unit structures; 1 LIHTC projects totaling 18 units; FY2027 2BR SAFMR is $990 versus ACS median gross rent of $889. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Arkansas research

ZIP 72941 is a Census / HUD profile for Fort Smith, AR-OK, AR. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Arkansas research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 72941?

ZIP 72941 (Fort Smith, AR-OK MSA) has 4,775 residents, 1,809 households, a renter share of 15.5%, median household income of $77,292, and ACS 2023 median gross rent of $889. Vacancy is 11.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 72941?

ACS counts 37 units in 2-unit buildings, 23 in 3–4 unit buildings, 0 in 5–9, 8 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 68 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 72941?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $990. See the full schedule and 90–110% payment-standard band on the ZIP 72941 — Lavaca, AR HUD Section 8 Payment Standards / SAFMR.

Does this Arkansas ZIP profile include Georgia listings?

No. ZIP 72941 is Census / HUD research for Fort Smith, AR-OK MSA. Jeff Crowe CRE does not list Arkansas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.