Location: Pike County, AR | Metro: Pike County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 71958 within the Pike County, AR metro area reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $880 per month for fiscal year 2026. In comparison, the Census American Community Survey (ACS) reports the average market rent at $521 per month. This indicates that voucher tenants will cashflow significantly at the HUD FMR, providing a substantial buffer over the actual market rates.
To derive the rent-to-price ratio, we can use the median home value of $160,518. With an average market rent of $521, this equates to a monthly rent-to-price ratio of approximately 0.32%. This low ratio suggests that renting is highly favorable compared to buying in the area, making it an attractive option for both landlords and small-portfolio investors looking to maximize returns on their investment properties.
The median Days on Market (DOM) is listed as N/A, which could indicate limited data or a rapidly changing market. Additionally, the price-cut share stands at 0.1%, suggesting that homes in the area rarely go down in price, further reinforcing the stability of the real estate market in Pike County.
In conclusion, the strongest investor angle in ZIP 71958 is cashflow, given the significant difference between HUD FMR and market rents, and the favorable rent-to-price ratio. This makes it an ideal location for those seeking steady income from rental properties.
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.