Location: Pike County, AR | Metro: Clark County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 71921 stands out in terms of its real estate dynamics, with a population of 3,427 residents, where only 12.4% are renters. This indicates a predominantly owner-occupied area, which contrasts sharply with national averages. The median income for residents is $54,271, while the median home value is notably higher at $176,869. These figures suggest a community that values homeownership and has a relatively stable economic foundation.
When it comes to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $930. In comparison, the current market rent, according to Census ACS data, is $810. This discrepancy between the FMR and the actual market rent can be advantageous for landlords in ZIP 71921, as it allows them to potentially charge rents closer to the FMR without losing tenants who rely on vouchers. However, the lower percentage of renters might mean fewer opportunities for Section 8 participation overall.
The data signature for ZIP 71921 reads as stable. With a significant majority of residents owning their homes and a median home value that is above average, there is an indication of a mature market where housing is sought after for long-term investment rather than short-term rental gains. The modest percentage of renters and the gap between FMR and market rent point towards a neighborhood that is less reliant on rental assistance programs but still offers opportunities for landlords willing to participate in the Section 8 program.
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.