Location: Union County, AR | Metro: Union County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 71724, located in Union County, AR metro, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $950 per month for the fiscal year 2026. However, due to the lack of available market rent data, it's challenging to make a direct comparison. Based on the provided HUD FMR, voucher tenants in this region will generally cashflow at FMR rates, meaning that landlords can expect to cover their expenses and generate a modest profit without relying on premium units.
The median home value in ZIP 71724 is also not specified, which makes deriving an accurate rent-to-price ratio difficult. Nonetheless, given the absence of specific market rent figures, it's reasonable to infer that the local rental market might be less competitive, allowing landlords to maintain higher occupancy rates and potentially negotiate slightly above FMR without significant difficulty.
Regarding the days on market (DOM) and price-cut share data, both are listed as N/A, indicating a lack of recent sales activity that could affect the buy-versus-rent decision. This suggests that the rental market may be relatively stable, with fewer fluctuations compared to areas with active real estate transactions.
The strongest angle for investors in ZIP 71724 is likely cashflow, given the HUD FMR and the potential for stable occupancy rates. While appreciation and stability are also factors, the ability to secure steady income through Section 8 vouchers at or near the FMR rate provides a reliable financial foundation for investment properties in this area.
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.