Location: Hempstead County, AR | Metro: Texarkana, TX-Texarkana, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
13.0% of residents in ZIP code 71838 are renters, indicating a smaller but steady demand for rental properties in the area. $48,125 stands as the median income for this region, providing insight into the financial capabilities of potential tenants. Although the market rent and median home value are not available, the $970 Fair Market Rent (FMR) for the metro area as of fiscal year 2026 can guide expectations for rental pricing. This figure reflects what the government deems a reasonable cost for housing, ensuring that it aligns with the economic reality faced by many households.
The absence of data on days on market (DOM) and the percentage of price-cut shares suggests stability in the local real estate market, without significant fluctuations or prolonged periods of unsold inventory. However, landlords and small-portfolio investors should remain vigilant, as these metrics are crucial for understanding the health and trends of the housing market.
Given the limited availability of market-specific data, reliance on the FMR becomes paramount. At $970, landlords can set competitive rental rates that also comply with Section 8 guidelines, ensuring a broad pool of eligible tenants. The 13.0% renter share indicates a niche market, which could be advantageous for those who specialize in affordable housing solutions.
To conclude, the median income of $48,125 supports the feasibility of renting at the FMR rate, balancing affordability for tenants and profitability for landlords. In light of these figures, the verdict for Section 8 participation in ZIP 71838 is positive, offering a viable path for investment with a focus on stable, affordable rental properties.
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.