Section 8 Fair Market Rent (FMR) for ZIP 71828 - 2027

FY 2027 Fair Market Rent Rates

The potential risks for investing in Section 8 properties in ZIP code 71828, located in Unknown, Arkansas, must be carefully considered. First, tenant turnover could pose a significant challenge due to the disparity between the market rent and the Fair Market Rent (FMR) set at $910 for fiscal year 2026, which is based on metro area standards. This difference can lead to higher turnover rates as tenants might seek more affordable housing options outside the program.

Vacancy exposure is another critical factor. With the average days on market (DOM) being unavailable, it's difficult to predict how long a property might remain vacant. Vacancies can result in lost rental income and increased costs for maintenance and marketing, affecting profitability.

The deferred-maintenance exposure is also uncertain, given that both the typical home value and the median income in the area are not available. Without these figures, it's challenging to assess the financial health of potential tenants and the overall condition of homes they might occupy. Poor maintenance could lead to costly repairs and lower property values over time.

Despite these risks, the high concentration of renters—though the exact percentage is not available—typically indicates a robust demand for rental housing, including Section 8 vouchers. This demand can help mitigate some of the risks associated with vacancy and turnover, ensuring a steady stream of qualified tenants.

Verdict: Moderate risk for a first-time Section 8 landlord.

Data Sources: FMR data from HUD (2027).

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.