Location: Calhoun County, AR | Metro: Calhoun County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 71766 encompasses a rural area with a small population of 690 residents. This community is predominantly owner-occupied, with only 11.1% of the population renting their homes. The median household income in this area stands at $76,875, indicating a relatively affluent demographic. However, due to the lack of data on median home values, it's challenging to assess the overall housing market dynamics.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $940. In contrast, the actual market rent, based on Census ACS data, is significantly lower at $619 per month. This disparity suggests an opportunity for investors who can manage properties efficiently and potentially offer amenities or services that justify higher rents closer to the FMR.
Given these conditions, ZIP 71766 is better suited for hands-on value-add buyers rather than hands-off voucher operators. The low percentage of renters and the significant gap between FMR and market rent indicate that there is limited demand for subsidized housing. Therefore, landlords and small-portfolio investors should focus on enhancing property value through improvements and effective management strategies to capitalize on the potential to increase rents towards the FMR levels. This approach would likely yield better returns compared to relying solely on government subsidies.
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.