Section 8 Fair Market Rent (FMR) for ZIP 71654 - 2027
Location: Drew County, AR | Metro: Desha County, AR
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$41,645
When considering whether to invest in ZIP code 71654 for Section 8 properties, follow these steps:
- Does FMR ($910/metro FY 2026) cover debt service on a $81,419 property?
- If the debt service on a property valued at $81,419 is less than or equal to $910 per month, then the answer is yes. This means that the Fair Market Rent (FMR) can fully support the monthly mortgage payments.
- If the debt service exceeds $910 per month, the answer is no. The FMR would not be sufficient to cover the monthly financial obligations of owning the property.
- Is the market rent ($755/Census ACS) above, at, or below the FMR?
- If the market rent is above $910, then it's above the FMR, which suggests a potential for higher income than what is guaranteed by the Section 8 program.
- If the market rent is exactly $910, it matches the FMR, indicating that the property can be rented out at the same rate as the Section 8 subsidy.
- If the market rent is below $910 but above $755, it's still viable since you can charge the higher FMR rate to Section 8 tenants.
- If the market rent is below $755, then it's also below the FMR, which could indicate a risk of overpricing the property in a lower-demand area.
- Are 49.9% renters + N/A-day days on the market (DOM) indicative of sufficient demand?
- A 49.9% rental rate indicates a significant portion of the population in ZIP 71654 are renters, which is a positive sign for demand.
- The lack of data on days on the market (DOM) makes it difficult to assess how quickly properties are being rented. However, with nearly half the population renting, there is likely enough demand to ensure tenancy.
Based on the provided data, if the debt service is covered by the FMR and the market rent is either at or below the FMR, the answer is yes, you should consider buying in ZIP 71654 for Section 8 properties. With 49.9% of the population as renters, there is a solid base of demand, despite the missing DOM data.
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.