Location: Pike County, AR | Metro: Howard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The ZIP code 71959 stands out in its county due to a unique mix of characteristics that make it an interesting market for real estate investment. With only 628 residents, this ZIP is relatively small, but the percentage of renters at 12.7% indicates a niche demand for rental properties. Despite the lack of available data on the median income, the median home value of $148,194 suggests a higher-end residential area.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. This figure provides a benchmark for rental rates that can be charged to tenants using Section 8 vouchers. However, the absence of specific market rent data for ZIP 71959 means that landlords must rely on the FMR as a guideline until more detailed local data becomes available.
The data signature for ZIP 71959 reads as stable, given the high median home value and the established presence of rental units. The small population size and limited rental market suggest that any significant changes in the housing dynamics would likely be noticeable quickly. Landlords and small-portfolio investors should monitor local trends closely, especially those related to rental demand and the availability of Section 8 vouchers, to capitalize on the steady rental market potential in this ZIP code.
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.