Real Estate Investing in Charleston, Arkansas (72933)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72933 (Charleston, 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.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Charleston, AR (72933)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 72933 Charleston
Not every below-median market is a bargain. Charleston's 72933 ZIP reports signals that favor experienced operators who can absorb the risk $199K pricing implies.
The investment case in 72933 is substantial only for operators who understand what they are buying. A $199K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within AR, ZIP 72933 trails on several market indicators that neighboring Franklin County submarkets outperform. The gap is real and robust enough to shape underwriting.
In practical terms, 5,207 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.
The 72933 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Charleston:
Market Trends
Home Value History (with trend line)
📊 How Does 72933 Compare?
| Metric | 72933 | Charleston | Fort Smith, AR-OK | Arkansas |
|---|---|---|---|---|
| Home Value | $199,109 | $199,109 | N/A | $216,341 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 5.7% |
| Avg Rent | $846 | $846 | 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 72933 (Charleston, AR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 72933 (Charleston, AR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $199,109 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 72933
Population: 5,207
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 72933
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.
Frequently Asked Questions
Where do home prices stand in Charleston, AR?
Charleston, AR home values average about $199K. That price point suits investors targeting rentals with $846/mo in monthly income.
What kind of vacancy should I budget for in Charleston, AR?
Charleston, AR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is house hacking profitable in Charleston, AR?
House hacking in Charleston, AR is reasonable to execute. Prices around $199K and rents of $846/mo solid owner-occupant economics.
Is AR a landlord-friendly state?
The landlord environment in Charleston, AR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Should investors consider Charleston, AR?
The 3.0/5 investability rating in Charleston, AR reflects its $199K prices and $846/mo rents. Investors generally consider it a solid option within AR.
You know 72933 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 72933 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 72933 ranks in Fort Smith, AR-OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 72933 (Charleston)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 72933 (Charleston, AR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.