Real Estate Investing in Alpena, Arkansas (72611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72611 (Alpena, AR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.6% of homes vacant — above national norms.
- Elevated poverty: 35.9% poverty rate — can affect rent collection.
- Lower household income: $34,313 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alpena, AR (72611)?
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Market Analysis: 72611 Alpena
Not every below-median market is a bargain. Alpena's 72611 ZIP posts signals that favor experienced operators who can absorb the risk $227K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $227K asset, 72611 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 72611's metrics run below Carroll County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 72611 includes headwinds that any investor should price in. Income distribution skews lower than Alpena averages, and tenant stability requires active management.
New investors are better served looking at Alpena's stable or hybrid ZIPs before stepping into 72611. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Alpena:
Market Trends
Home Value History (with trend line)
📊 How Does 72611 Compare?
| Metric | 72611 | Alpena | Harrison, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $226,574 | $226,574 | N/A | $216,341 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 5.7% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72611 (Alpena, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,574 |
| Monthly Rent | $963 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.3%). 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 72611
Population: 1,783
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
🎓 Schools in 72611
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 878 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Alpena, AR real estate?
The best-fit strategy in Alpena, AR is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How landlord-friendly is Alpena, AR?
Landlord-friendliness in Alpena, AR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do rents currently stand in Alpena, AR?
Investors in Alpena, AR typically see rents near $963/mo per month against $227K home values - a solid setup for rental cash flow.
How tight is the rental market in Alpena, AR?
Alpena, AR carries elevated vacancy risk. Expect steady absorption at market rents of $963/mo.
Can owner-occupants cash flow in Alpena, AR?
Alpena, AR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $963/mo rent level.
You know 72611 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 72611 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 72611 ranks in Harrison, AR
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