Location: Bradley County, AR | Metro: Bradley County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 71651 in metro FY 2026 is set at $910. This figure represents the payment standard for Section 8 housing assistance in the area, meaning it is the maximum amount that the government will pay on behalf of eligible tenants. It is important to note that this does not equate to the rent you can charge; rather, it limits the subsidy you can receive.
Comparing this to the local median rent, which is currently listed as N/A, it suggests that there is limited data available on typical rental prices in your area. However, the FMR serves as a benchmark for assessing the viability of Section 8 properties.
The 0.0% renter share indicates that the rental market in ZIP 71651 is dominated by homeownership. This implies lower overall demand for rentals, including those covered by Section 8. As such, landlords should be prepared for potentially longer vacancy periods or more selective tenant pools.
The acquisition cost of properties in the area, also listed as N/A, would typically help determine if a property meets the criteria for Section 8 eligibility. Landlords should ensure that any property they consider has an acquisition cost that aligns with the local real estate market and is within the guidelines set by the program.
Before committing to a Section 8 rental property in ZIP 71651, verify that the property meets all the required quality standards set by the Housing Quality Standards (HQS). These standards cover essential maintenance and safety issues and must be met to qualify for the program. Failure to comply can result in penalties or disqualification from the Section 8 program.
In summary, while the FMR of $910 provides a clear guideline for the subsidy you can expect, the lack of data on local rents and acquisition costs requires careful consideration. The low renter share suggests a cautious approach to demand expectations. Ensure your property meets HQS requirements to avoid future complications.
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.