Location: Cleveland County, AR | Metro: Bradley County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
131,434 is the median home value in ZIP code 71660, indicating a moderate housing market where properties are accessible but not inexpensive. 57,188 is the median income in the area, suggesting residents have sufficient financial capacity to afford modest rents. 810 is the Fair Market Rent (FMR) for ZIP 71660 as of fiscal year 2024, which is a critical benchmark for landlords and investors considering rental pricing. 11.1 is the percentage of renters in the community, showing a relatively low demand for rentals compared to homeownership. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the absence of these figures implies stability in the local real estate market, without significant fluctuations or prolonged vacancy periods.
Investors should note that the N/A market rent figure aligns closely with the FMR, indicating that the rental market is likely in equilibrium with federal standards. The median income of 57,188 supports the viability of renting at or slightly below the FMR, ensuring a steady stream of potential tenants who can meet the required payments. However, the low renter share of 11.1 percent suggests that there may be limited opportunities for rental investment unless targeting a niche market or offering competitive advantages such as location or amenities.
In conclusion, the data for ZIP code 71660 presents a balanced environment for real estate investment, particularly in rental properties, with the FMR and median income providing a solid foundation for pricing strategies. Given these factors, landlords and small-portfolio investors should find the area suitable for Section 8 participation, as it aligns well with the program's guidelines and resident needs.
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.