Real Estate Investing in Bono, Arkansas (72416)
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Should you buy in 72416 (Bono, AR)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.6% of homes vacant — above national norms.
What’s happening in Bono, AR (72416)?
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Market Analysis: 72416 Bono
ZIP 72416 inside Craighead County looks affordable on the surface — median value of $208K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 72416 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within AR, ZIP 72416 trails on several market indicators that neighboring Craighead County submarkets outperform. The gap is real and durable enough to shape underwriting.
In practical terms, 5,458 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 72416 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bono:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72416 Compare?
| Metric | 72416 | Bono | Jonesboro, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $207,830 | $207,830 | N/A | $216,341 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 5.7% |
| Avg Rent | $925 | $925 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72416 (Bono, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,830 |
| Monthly Rent | $925 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 72416
Population: 5,458
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 1,122 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Bono, AR?
Expect median prices around $208K in Bono, AR. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What is the typical renter like in Bono, AR?
Tenant quality in Bono, AR ranks as solid. Landlords generally report steady occupancy at market rents of $925/mo.
How landlord-friendly is Bono, AR?
The landlord environment in Bono, AR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking work in Bono, AR?
House hacking in Bono, AR is reasonable to execute. Prices around $208K and rents of $925/mo solid owner-occupant economics.
Is real estate in Bono, AR a good investment right now?
Bono, AR scores 3.0/5 for investability. Home values sit at $208K and rents near $925/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 72416 now. You don’t know where it ranks.
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How 72416 ranks in Jonesboro, AR
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