Section 8 Fair Market Rent (FMR) for ZIP 71752 - 2027

Location: Nevada County, AR | Metro: Columbia County, AR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$690
2 Bedrooms	$910
3 Bedrooms	$1,120
4 Bedrooms	$1,190
5 Bedrooms	$1,380
6 Bedrooms	$1,546
7 Bedrooms	$1,670
8 Bedrooms	$1,754

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

649

Median Household Income

$39,803

Housing Units

454

Renter Percentage

26.4%

Occupancy Rate

69.2%

Renter Occupied

To determine if a landlord should invest in ZIP code 71752 for Section 8 properties, follow these steps:

Step 1: Debt Service Coverage Ratio (DSCR)

The Fair Market Rent (FMR) for ZIP 71752 is set at $880 per month for the fiscal year 2026. However, without knowing the specific property's debt service requirements, it's impossible to calculate if this FMR clears the debt service. For a yes/no decision, you must first assess whether your potential property can sustain a monthly income of $880.

Step 2: Market Rent vs. FMR

The average market rent in ZIP 71752 is $433 per month according to the Census ACS data. This figure is significantly below the FMR of $880. This suggests that Section 8 tenants could potentially cover a larger portion of the rent compared to what the market would bear, which is advantageous for landlords looking to minimize financial risk.

Step 3: Rental Demand

In ZIP 71752, 26.4% of residents are renters. Additionally, the Days on Market (DOM) for rental listings is not specified, which makes it challenging to gauge the exact demand. However, if the DOM is relatively low, indicating quick turnover of rental listings, then there is likely sufficient demand to support Section 8 investments.

Decision Tree:

If the property's debt service is covered by the FMR of $880: Yes, proceed to Step 2.
If the property's debt service exceeds the FMR: No, do not invest in this ZIP code.

If the market rent is below the FMR: Yes, proceed to Step 3.
If the market rent is equal to or above the FMR: It depends on the specifics of the property and local market conditions.

If there is sufficient demand (low DOM): Yes, consider investing in this ZIP code for Section 8 properties.
If demand is insufficient (high DOM): No, look for other areas with higher demand.

Note: The lack of specific property details and DOM data means that a final decision requires additional research into individual properties and current rental market dynamics within ZIP 71752.

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.