Location: Clark County, AR | Metro: Clark County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 71728 reveals a unique set of circumstances that significantly impact both renters and landlords. Given the lack of data on median income and market rent rates, it is challenging to provide a direct comparison between local earnings and housing costs. However, the voucher payment standard offers a benchmark for affordability.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. This figure represents the maximum amount that a voucher holder can pay towards their monthly rent. In ZIP 71728, with only 32 residents and a reported 0.0% of them being renters, the competition among landlords is virtually non-existent. The low number of renters suggests a strong preference for homeownership, which could be due to various factors including the availability of affordable housing options or a demographic skew towards older individuals who may own their homes outright.
The absence of median income and market rent data indicates a scarcity of rental activity, making it difficult to assess the typical affordability gap faced by renters. Nonetheless, the voucher payment standard provides insight into what subsidized renters can afford. For landlords, this means that if they wish to attract voucher holders, setting rents at or below $880 would ensure compliance with HUD guidelines and increase the likelihood of tenancy.
In conclusion, for landlords considering whether to adopt a voucher-friendly strategy or focus on cash-paying tenants, the environment in ZIP 71728 leans heavily towards the latter due to the minimal presence of renters. If landlords decide to cater to voucher holders, they must adhere strictly to the $880 FMR limit to remain competitive and viable in the limited rental market. Landlords should also consider the potential administrative complexities associated with accepting vouchers, balancing these against the stability and security offered by government-backed payments.
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.