Section 8 Fair Market Rent (FMR) for ZIP 71655 - 2027

Location: Lincoln County, AR | Metro: Drew County, AR

Investment Score for ZIP 71655

N/A

Monthly Rent (2BR)

$910

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$690
2 Bedrooms	$910
3 Bedrooms	$1,190
4 Bedrooms	$1,190
5 Bedrooms	$1,380
6 Bedrooms	$1,546
7 Bedrooms	$1,670
8 Bedrooms	$1,754

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,190	$197,911	0.6%	D
4BR	$1,190	$285,253	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,022

Median Household Income

$43,346

Housing Units

6,811

Renter Percentage

39.7%

Occupancy Rate

88.0%

Renter Occupied

2,380

The ZIP code 71655, located in rural Louisiana, presents a unique market opportunity for landlords and small-portfolio investors due to its stable housing conditions and relatively low costs compared to urban areas. This region's economy is primarily driven by agriculture and small-scale industries, which contribute to a steady demand for rental properties.

The Fair Market Rent (FMR) for ZIP 71655 in fiscal year 2024 is set at $810, providing a benchmark for rental pricing that reflects the area's economic realities.
The market rent, as per the latest Census American Community Survey (ACS), stands at $724, indicating that rental prices are slightly below the FMR, which could offer room for modest increases without deterring tenants.
The median home value in the area is $163,084, making it affordable for both potential homeowners and investors looking to purchase rental properties.
Renters make up 39.7% of the population, showing a significant portion of the community relies on rental housing, thus creating a consistent demand for rental units.
The median income of residents is $43,346, suggesting that the majority of tenants can afford rents around the FMR level but may struggle with higher rates.
The Days on Market (DOM) for properties is not available, which might indicate that property turnover is less frequent, possibly due to limited listings or a strong local market with fewer new entrants.

Investors in ZIP 71655 can expect a stable rental market with a solid tenant base willing to pay close to the FMR. The median home value indicates that purchasing properties should be financially feasible, and the median income suggests that there is a limit to how much rent can be increased before becoming unaffordable for tenants. The high renter share points to a robust demand for rental housing, making it a favorable investment environment for those seeking long-term, low-risk returns.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.