Location: Ouachita County, AR | Metro: Clark County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The ZIP code 71763 stands out within [County Name] due to its unique demographic and economic characteristics. With a population of 1,607 residents, it has a relatively low rental rate of 19.5%, indicating that most homeowners in the area own their homes outright or have mortgages. The median income in ZIP 71763 is $73,438, which is above the national average, suggesting a generally prosperous community. However, the median home value is notably higher at $106,904, reflecting the strong local real estate market.
When it comes to voucher economics, the Fair Market Rent (FMR) for ZIP 71763 in fiscal year 2026 is set at $880. This figure is significantly higher than the current market rent of $530, based on Census ACS data. Landlords who participate in the Section 8 program can expect to receive a subsidy that covers the difference between these two rates, making it financially viable to lease properties to tenants with vouchers.
The data signature for ZIP 71763 indicates a stable environment. Despite the high median home value, the gap between the FMR and market rent suggests that there is room for growth in rental prices without becoming prohibitively expensive for voucher holders. This stability benefits both landlords and small-portfolio investors, as it provides a predictable income stream and reduces the risk of sudden changes in the local housing market. The consistent income from Section 8 vouchers can help mitigate the financial impact of any potential downturns in the economy, ensuring steady cash flow and property maintenance.
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.