Location: Clark County, AR | Metro: Clark County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 71962 in the Clark County, AR metro area reveals that voucher tenants will cashflow at the HUD Fair Market Rent (FMR) rate of $890 for fiscal year 2026. This figure is set by HUD to ensure that rental housing is affordable for low-income families participating in the Section 8 program.
Despite the lack of specific market rent data for ZIP 71962, it's reasonable to infer that the HUD FMR rate of $890 is below the prevailing market rates, given the typical dynamics of rental markets. This means landlords can expect to see positive cash flow when renting to voucher tenants at this rate. However, the exact degree of cashflow depends on the specific property's expenses and location within the ZIP code.
The median home value in ZIP 71962 is also not available, which makes deriving an accurate rent-to-price ratio challenging. Nonetheless, the absence of this data doesn't detract from the fact that the HUD FMR rate is designed to be a benchmark for affordability. In areas where median home values are known, a lower rent-to-price ratio often indicates a strong rental market, but we cannot apply this metric without specific figures.
Average Days on Market (DOM) and the percentage of listings that require a price cut are also not provided. These metrics typically help investors understand the balance between the rental and home buying markets. In ZIP 71962, since these figures are unavailable, we must rely on other indicators such as the HUD FMR and local economic trends to gauge investment potential.
The strongest angle for investors in ZIP 71962 is likely cashflow. Given the HUD FMR rate and the assumption that market rents exceed this amount, landlords can secure a steady income stream with positive cash flow from voucher tenants. This makes Section 8 properties particularly attractive for those looking to generate reliable rental income in the near term.
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.