Location: Texarkana, AR | Metro: Texarkana, TX-Texarkana, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
ZIP code 71834 is situated within the Texarkana, TX-Texarkana, AR HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 71834 in fiscal year 2024 is set at $920. This figure represents the maximum amount that low-income families should pay for housing under the Section 8 program.
When comparing ZIP 71834 to other typical ZIP codes within the Texarkana, TX-Texarkana, AR HUD Metro FMR Area, it's important to note that specific market rent and home value data for 71834 are currently unavailable. However, we can make some inferences based on the available information.
The 1.3% renter share in ZIP 71834 is relatively low compared to the average renter share in the larger metro area. This suggests that homeownership is more prevalent in this ZIP code, which could indicate a preference for owning property over renting. Given the absence of market rent and home value data, we cannot definitively categorize 71834 as a value pocket, mid-tier neighborhood, or premium sub-market.
However, the low renter share combined with an FMR of $920 implies that the rental market in this ZIP code might be less competitive. If the actual market rents were significantly higher than the FMR, this would suggest a potential sweet spot for landlords participating in the Section 8 program, as they could potentially attract tenants willing to pay the FMR while the market rate is higher. Unfortunately, without specific market rent data, this remains speculative.
To determine if 71834 is a value pocket or a premium sub-market, further analysis would be required, particularly focusing on trends in market rent and home values. Landlords and small-portfolio investors should consider these factors when deciding to invest in properties within this ZIP code, especially those seeking to participate in the Section 8 program.
Given the limited data, ZIP 71834 appears to be a niche market within the Texarkana metro area, characterized by a lower-than-average renter share and a defined FMR. It is advisable to keep an eye on future updates regarding market rents and home values to make informed investment decisions.
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.