Location: Jefferson County, AR | Metro: Jefferson County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
920 - The Fair Market Rent (FMR) for ZIP code 72133 for fiscal year 2024 stands at $920. This figure is critical for landlords participating in the Section 8 program as it dictates the maximum rental amount they can charge. However, the lack of specific data on market rent suggests that the local rental market might not be well-documented or may have limited comparables, making it challenging to gauge how competitive this FMR is. Similarly, the absence of information regarding the median home value indicates that there's no recent data available on property values in the area, which could affect investment decisions.
N/A - The renter share percentage is also unavailable, indicating that landlords should independently research the proportion of renters in the community. Without this data, it's difficult to assess the demand for rental properties. Furthermore, the median income data being absent means that landlords must look elsewhere to understand the earning capacity of potential tenants, crucial for ensuring stable occupancy.
N/A - Days on Market (DOM) and the percentage of price-cut shares are both missing, suggesting that landlords should closely monitor their own property performance and local market trends. These metrics would typically help in understanding how quickly properties are rented out and whether there's a need to adjust pricing strategies. Given the gaps in the data, landlords should be prepared for a potentially volatile rental market.
920 - To conclude, the $920 FMR sets a clear benchmark for rental rates under the Section 8 program in ZIP code 72133. Despite the limitations in the available data, landlords can still leverage this figure to make informed decisions about their rental properties. The verdict on Section 8 participation for this ZIP code is positive, assuming that landlords can manage their properties effectively within the constraints of the program.
Data Sources: FMR data from HUD (2027).
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.