Section 8 Fair Market Rent (FMR) for ZIP 71659 - 2027
Location: Jefferson County, AR | Metro: Jefferson County, AR
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 71659 for Section 8 investments, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $830 cover debt service on a property?
- Yes: The FMR of $830 is sufficient to cover your debt service costs, making it financially viable to invest in this area.
- No: If the FMR of $830 does not cover your debt service costs, then investing in ZIP 71659 is not advisable. You need to ensure that the rental income can sustain the mortgage and other expenses associated with the property.
- 2) How does the market rent compare to the FMR?
- Above FMR: If the market rent is higher than the FMR of $830, it indicates that there is potential to earn additional income beyond what is covered by Section 8 vouchers. This can be beneficial for maximizing returns on investment.
- At FMR: If the market rent matches the FMR, it means that you will likely receive exactly the amount needed to cover the property's operating costs. There is no additional margin for profit, but it is still stable and reliable.
- Below FMR: If the market rent is lower than the FMR, it suggests that properties in this area may be undervalued or that there is a surplus of rental units. This could mean reduced profitability or difficulty in finding tenants willing to pay the FMR.
- 3) Is there enough demand with 0.0% of renters and N/A days on the market (DOM)?
- It depends: With 0.0% of renters and an unspecified number of days on the market, it is difficult to assess the demand accurately. However, if the DOM is low, it typically indicates strong demand and quick turnover, which is favorable for Section 8 properties. Conversely, a high DOM suggests weak demand, making it harder to find tenants and potentially leading to longer vacancy periods.
Note: The data provided contains placeholders (N/A) for some critical values such as market rent and days on the market. To make a fully informed decision, these figures must be obtained and analyzed.
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.