Location: Nevada County, AR | Metro: Nevada County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The Section 8 thesis for ZIP code 71858 centers around the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $900, while the Census ACS reports the market rent at $856. This creates a gap of $44, which represents approximately 5.1% of the market rent.
Given that the FMR exceeds the market rent, it's evident that voucher tenants can be a significant yield play for landlords and small-portfolio investors. The extra $44 per month means that landlords can charge slightly above the typical market rate without pricing out potential tenants who have access to Section 8 vouchers. This higher rental income directly translates into better cash flow and increased returns on investment.
In ZIP 71858, where 16.4% of residents are renters and the median household income is $65,795, the opportunity to capture additional yield through Section 8 vouchers is particularly compelling. While the median home value is not available, the relatively low percentage of renters suggests a smaller rental market, making every unit count for landlords seeking to maximize their portfolio performance.
However, it's important to consider the administrative aspects of managing Section 8 properties. Landlords must adhere to HUD regulations and undergo regular inspections, which can add to the operational costs. Despite these considerations, the gap between the FMR and market rent makes it financially advantageous to accept Section 8 vouchers.
To summarize, the $44 differential between the FMR and market rent in ZIP 71858 presents a clear opportunity for landlords to enhance their yields. Given the context of the local rental market and median income, voucher tenants represent a stable and profitable segment for real estate investments.
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.