Location: Calhoun County, AR | Metro: Calhoun County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 71745 are renters, indicating a predominantly owner-occupied area. This statistic is crucial for landlords and small-portfolio investors considering the market dynamics in this region. With a median income of $75,987, potential tenants in this area have the financial stability to support rental payments, though the exact market rent is currently unavailable. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040, providing a benchmark for rental pricing. However, the lack of specific data on days on market (DOM) and the percentage of price-cut share suggests that there might be limited recent activity in the rental market, which could indicate either a stable market or a scarcity of rental properties.
The high median income figure of $75,987 implies that residents can afford higher rents, but it's important to note that the actual market rent is not available. This gap in data means that investors need to conduct thorough local market research to determine realistic rental prices. Despite the low renter share of 0.0%, the presence of a significant number of individuals with the financial capability to pay rent suggests potential opportunities for those willing to enter the market or expand their portfolio.
Investors should also consider the FMR of $1,040 as a guideline for setting rental rates, ensuring they remain competitive and within the affordability range for most residents. Given the absence of detailed market-specific data, relying on broader metrics such as the FMR and median income will be key in making informed decisions about rental investments in ZIP code 71745.
Based on the available data, the Section 8 program appears to be a viable option for landlords in ZIP 71745, as it provides a guaranteed rent amount that aligns with the $1,040 FMR, ensuring steady cash flow while catering to the needs of lower-income families who might otherwise struggle to find affordable housing in this area.
Section 8 Verdict: Suitable for landlords seeking stable, government-backed rental income.
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.