Location: Pike County, AR | Metro: Pike County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 71950 encompasses a small, rural area in Louisiana with a total population of 1,007. The demographic makeup is primarily homeowners, with only 19.8% of residents renting their homes. This indicates a community where property ownership is highly valued, which can be advantageous for investors looking to establish long-term holdings. The median household income in this region is $61,786, suggesting a modest economic base that supports local living standards but may limit the disposable income available for higher rental costs.
Turning to the financial aspects, the Fair Market Rent (FMR) for the metro area covering fiscal year 2026 is set at $910. However, specific market rent data for ZIP 71950 is not available, which implies a lack of detailed market analysis in this particular area. The absence of precise market rent figures could indicate a less competitive rental market, possibly due to the low percentage of renters and the preference for homeownership among the local population.
Given these conditions, ZIP 71950 might be more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. The limited number of renters suggests a smaller pool of potential tenants, making it difficult to justify extensive renovations or improvements aimed at attracting higher-paying tenants. Instead, focusing on properties that can qualify for Section 8 housing vouchers, ensuring they meet the necessary criteria for safety and habitability, would be a more prudent strategy. The steady demand for affordable housing supported by government subsidies can provide a reliable income stream without the need for significant ongoing investment or management efforts.
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.