Location: Sevier County, AR | Metro: Howard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
The ZIP code 71833 is profiled as a renter-heavy area with significant voucher demand. With a population of 1,862, 19.6% of residents are renters, indicating a substantial portion of the community relies on rental housing. This makes it an attractive location for landlords and small-portfolio investors looking to tap into the Section 8 tenant pool.
The median household income in ZIP 71833 is $29,018, which is notably lower than the Fair Market Rent (FMR) benchmark of $880 set for FY 2026 in the metro area. The current market rent stands at $494, representing approximately 17% of the median household income. This suggests that typical rents in the area are already a significant portion of residents' earnings, but still below the FMR threshold.
To put this into perspective, let's break down the numbers:
A landlord in ZIP 71833 can expect tenants who heavily rely on government assistance to cover their housing costs. These individuals will likely have a portion of their rent subsidized through the Housing Choice Voucher program, commonly known as Section 8. Given the disparity between the median income and both the market and FMR rents, these vouchers are essential for affordability.
In conclusion, ZIP 71833 is characterized by a strong need for affordable housing, with a notable percentage of residents being renters and a significant reliance on rental subsidies. Landlords should prepare for a tenant pool that includes many participants in the Section 8 program, ensuring they comply with the necessary regulations and understand the dynamics of subsidized housing.
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.