Location: Lafayette County, AR | Metro: Hempstead County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The ZIP code 71801 stands out in County XX due to its unique mix of demographics and housing economics. With a population of 14,883 residents, 32.3% of whom are renters, it reflects a community where a significant portion of individuals rely on rental properties. The median income here is $45,345, indicating a middle-class area, while the median home value is notably higher at $115,873, suggesting that homeownership is a valued asset in this region.
When it comes to the voucher economics, the Federal Market Rent (FMR) for ZIP 71801 in fiscal year 2026 is set at $910. This figure is higher than the current market rent, which stands at $815 according to Census ACS data. This discrepancy means that landlords participating in the Section 8 program can expect slightly above-market rents, providing a financial incentive to accept vouchers. However, the gap is not substantial enough to significantly impact the overall rental market dynamics.
The data signature of ZIP 71801 reads as stable rather than transitional. The relatively high median home value compared to the median income suggests a steady housing market with a strong preference for homeownership. Additionally, the modest difference between the FMR and market rent indicates that the local rental market is not undergoing rapid changes, making it predictable for both landlords and tenants. Landlords should consider these factors when deciding whether to participate in the Section 8 program, as the slight premium offered by the vouchers can help offset the administrative complexities associated with the program.
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.