Location: Nevada County, AR | Metro: Nevada County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 71864, located in Nevada County, Arkansas, reveals several key points that are crucial for landlords and small-portfolio investors.
Firstly, the rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area is set at $950 for fiscal year 2026, which serves as a benchmark for rental properties. However, without a comparison to actual market rents, it's challenging to determine if this figure accurately reflects the local housing market.
Secondly, the acquisition of properties in this ZIP code appears to be unaffordable based on the incomplete data provided. The median home value is not specified, nor are the days on market (DOM) and the percentage of homes requiring price cuts. These metrics are essential for gauging the affordability and liquidity of property acquisitions in the area.
Lastly, the tenant demand in ZIP 71864 is minimal. With a total population of 90, only 2.6% of residents are renters. This indicates a very limited pool of potential tenants, making it difficult to sustain a rental business in this area.
Verdict: Investing in rental properties in ZIP code 71864 presents significant challenges. The absence of market rent data complicates the assessment of rental income viability. Moreover, the scarcity of information on median home values, days on market, and the need for price reductions suggests difficulties in acquiring properties at favorable terms. Lastly, the extremely low renter share among the local population implies weak tenant demand. Overall, this ZIP code is not recommended for real estate investment focused on Section 8 rentals.
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.