Location: Ouachita County, AR | Metro: Calhoun County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
880 FMR (metro FY 2026) stands as the Fair Market Rent for ZIP code 71720, indicating the maximum rental amount allowed under the Section 8 program. In contrast, the actual market rent at $809 (Census ACS) shows that the area is slightly below the FMR threshold, making it an attractive location for landlords participating in the program. With a median home value of $110,638, the real estate market in 71720 reflects a stable environment where properties are neither overpriced nor undervalued. The renter share at 25.2% suggests a significant portion of the population relies on rental housing, creating a steady demand for rental units. Landlords can expect a median income of $61,250 from tenants, which is crucial for ensuring financial stability and timely rent payments. Despite the lack of specific data on days on market (DOM) and price-cut share, the overall economic indicators point towards a consistent rental market. The Section 8 program provides a reliable source of income for landlords, as it guarantees rent payments directly from the government. Given the close alignment between the market rent and the FMR, along with the substantial renter share and median income levels, ZIP 71720 is well-suited for Section 8 investments.
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.