Location: Clark County, AR | Metro: Clark County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 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 ZIP code 71999, located in Clark County, Arkansas, primarily encompasses the town of Caddo. As of the latest data, the estimated population of 71999 is 537, with a notably young median age of 19.7. This youthful demographic is indicative of a student-heavy community, likely influenced by nearby educational institutions.
The racial and ethnic composition of the area reveals a predominantly white population at 65.7%, followed by Black/African Americans at 23.6%. There has been a significant increase in the Hispanic population, rising from 1.7% to 5.2% over the past five years. The Asian population remains negligible, with no substantial presence recorded.
Regarding the median household income, the data is not available due to the small population size and limited representativeness of the area. However, the per capita income stands at $3,301.00, which suggests a lower economic activity relative to the broader region.
In terms of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $880. While the exact market rent for ZIP 71999 is not specified, the lower per capita income suggests that market rents might be lower than the FMR. This could indicate a reliance on subsidized housing programs like Section 8 vouchers to support the local rental market.
Given the characteristics of ZIP 71999, it is well-suited for a hands-off Section 8 voucher operator rather than a hands-on value-add buyer. The area's young demographic and lower economic indicators suggest a need for stable, affordable housing solutions. Landlords and small-portfolio investors should consider the potential for long-term occupancy through government subsidies, making it an attractive option for those seeking consistent rental income without the complexities of property enhancements or market-rate fluctuations.
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.