Location: Texarkana, AR | Metro: Texarkana, TX-Texarkana, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
68.8% of residents in ZIP code 71839 are renters, indicating a strong demand for rental properties. This high percentage suggests that landlords can expect steady occupancy rates. However, the median income of $24,746 means that tenants may be price-sensitive. The Fair Market Rent (FMR) for Section 8 in ZIP 71839 for fiscal year 2024 is set at $910, which provides a benchmark for rental pricing. Given the market rent figure of $525 from the Census ACS, it's clear that there is a significant gap between the FMR and what the market is currently bearing. Landlords should consider this when setting their own rents to ensure they remain competitive while also meeting the needs of potential Section 8 participants.
The lack of data on median home values (N/A) and days on market (DOM) (N/A-day) suggests that the housing market in 71839 is primarily focused on rentals rather than sales. This is further supported by the absence of data on the percentage of price cuts (N/A%). In such an environment, rental income becomes the primary focus for real estate investment. The $910 FMR for Section 8 provides a reliable source of income for landlords willing to participate in the program. It ensures a stable cash flow without the need to worry about vacancy rates, which can be unpredictable in areas with lower median incomes.
In conclusion, for ZIP code 71839, where 68.8% of residents are renters and the median income is $24,746, participating in Section 8 can be a strategic move for landlords. The $910 FMR offers a consistent and above-market rate for rental income, making it a valuable option in a region with a strong rental market but limited data on home sales. Verdict: Section 8 participation is recommended for landlords in ZIP 71839.
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.