Location: Little River County, AR | Metro: Little River County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
15.5% of the population in ZIP code 71836 are renters, indicating a modest demand for rental properties. This demographic statistic aligns with the $715 market rent reported by the Census ACS, which is lower than the $810 Fair Market Rent (FMR) set for the area in fiscal year 2024. Landlords can expect to charge close to the market rent, but the potential exists to increase rents towards the FMR level without significantly deterring tenants.
$51,271 is the median income for this region, suggesting that many residents may find it challenging to afford housing outside of government assistance programs. The gap between the market rent and the FMR highlights an opportunity for landlords to offer affordable housing options that cater to both regular market tenants and those seeking Section 8 vouchers.
The lack of available data on median home values and days on market (DOM) indicates a limited supply of homes for sale, which could mean that rental properties are more stable investments compared to flipping homes in this area. Additionally, the absence of data regarding the percentage of price-cut shares suggests that property values in this ZIP code are relatively stable, without frequent need for price adjustments.
In summary, the combination of a moderate renter share, a significant difference between market rent and FMR, and a stable median income points towards a viable investment in rental properties, particularly those that can participate in the Section 8 program. The area's low DOM and price-cut share percentages further support the stability and long-term potential of such investments. Verdict: ZIP 71836 is a good fit for Section 8 rentals due to the local demographics and economic conditions.
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.