Location: Little River County, AR | Metro: Little River County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 71853, located within the Little River County, AR HUD Metro FMR Area, presents an interesting case when compared to typical ZIP codes in this region. The Fair Market Rent (FMR) for 71853 is set at $810 for fiscal year 2024, which is lower than the market rent of $922. This suggests that properties in 71853 are slightly undervalued according to the HUD standards, potentially making it a value pocket for landlords and small-portfolio investors.
The absence of a reported home value figure for 71853 could indicate that the area lacks significant residential property sales data, which is common in rural areas where housing markets are less active. However, this also means that the area might have properties that are less expensive than those in other ZIP codes within the same metro area, further supporting its classification as a value pocket.
The renter share in ZIP 71853 stands at 16.3%, which is a notable percentage but not necessarily indicative of a large demand for rental properties. To determine if this ZIP code represents a Section 8 sweet spot, we must consider the relationship between the renter share and the home values. Since there's no specific home value data for 71853 and it has a relatively high renter share, it aligns with the characteristics of a potential sweet spot for Section 8 tenants.
In contrast, typical ZIP codes within the Little River County, AR HUD Metro FMR Area would likely have higher FMRs closer to their market rents, suggesting a more balanced valuation. If these typical ZIP codes have higher home values and lower renter shares, then 71853 indeed stands out as a unique opportunity within the metro area.
To summarize, based on the provided figures, ZIP 71853 appears to be a value pocket within the Little River County, AR HUD Metro FMR Area, with a slightly below-market FMR and a notable renter share. These factors make it a particularly attractive option for landlords and small-portfolio investors looking to serve the needs of Section 8 tenants effectively.
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.