Location: Sevier County, AR | Metro: Little River County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The market in ZIP code 71846 presents a dynamic environment for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $810 for fiscal year 2024, reflects a benchmark that rental properties should aim to meet or slightly exceed to remain competitive. However, the current market rent, reported at $646 according to the Census ACS, suggests that there is some downward pressure on rents, indicating that the market might be experiencing a slight oversupply of rental units.
The fact that the price-cut share and days on market (DOM) are not available points to a lack of detailed transactional data, which could be due to low turnover rates or a limited number of listings. This absence makes it challenging to assess the immediate liquidity of the market but does not necessarily indicate a stagnation. It simply means that the market is stable, with fewer changes in occupancy and pricing.
A 17.7% renter share indicates that a significant portion of the population in ZIP 71846 relies on rental housing. This figure, while seemingly modest, underscores a consistent demand for rental properties. Over the long term, this can translate into steady occupancy rates and relatively stable rental incomes for property owners. The median home value being unavailable also implies that homeownership might not be as prevalent or tracked as closely as rental markets, further emphasizing the importance of rental housing in the area.
In summary, ZIP 71846 appears to be a market where supply slightly exceeds demand, as evidenced by the gap between the FMR and the actual market rent. However, the substantial renter share suggests that this imbalance is likely to be moderate and that rental properties will continue to serve an essential role in meeting the housing needs of the local population. For investors, this translates into a market that requires careful management and strategic positioning to capitalize on the steady demand for rental 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.