Location: Drew County, AR | Metro: Ashley County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP code 71642, located within the Drew County, AR metro, presents a unique set of characteristics when compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for 71642 is set at $910 for fiscal year 2026, which is a key figure for understanding the rental landscape.
While specific market rent and home value data for 71642 are currently unavailable, the FMR can be used as a benchmark. In Drew County, ZIP codes with similar FMRs tend to have lower market rents and home values due to the county's overall economic profile. This suggests that 71642 might align more closely with value pockets rather than premium sub-markets within the Drew County metro.
The renter share in ZIP 71642 stands at 0.5%. Although this percentage is quite low, it does indicate a presence of renters who may be eligible for Section 8 assistance. Typically, a higher renter share combined with below-average home values would signal a prime location for Section 8 properties. However, given the lack of market rent and home value data for 71642, this inference is limited.
To determine if 71642 is a value pocket, a mid-tier neighborhood, or a premium sub-market, additional context is needed. Generally, ZIP codes with FMRs around $910 in Drew County are considered affordable, making them attractive for both landlords and small-portfolio investors looking to capitalize on the demand for subsidized housing.
Without comprehensive data on market rent and home values, it is challenging to definitively categorize 71642. However, the low renter share and the affordability indicated by the FMR suggest that it may lean towards being a value pocket within the Drew County metro. This classification is based on the assumption that the lack of data points to average or below-average market conditions, which are favorable for Section 8 tenants.
In summary, while 71642 has an FMR of $910 and a renter share of 0.5%, the absence of specific market rent and home value data makes precise categorization difficult. It is likely a value pocket within the Drew County metro, offering opportunities for landlords and investors seeking stable returns through government-subsidized housing programs.
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.