Location: Jefferson County, AR | Metro: Jefferson County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The ZIP code 72152 presents several potential challenges for landlords considering Section 8 investments. Firstly, tenant turnover can be a significant issue when comparing the market rent, which is currently unavailable, to the Fair Market Rent (FMR) of $850 for FY 2024. This discrepancy suggests that landlords may face difficulties retaining tenants who might prefer market-rate rents over Section 8 contracts. Secondly, vacancy exposure is a concern due to the unavailability of the average days on market (DOM), which makes it hard to predict how long a property might remain vacant between tenancies. Lastly, there is a risk of deferred maintenance, given the lack of data on the typical home value and median income in the area, indicating that tenants might not have the financial capacity to maintain properties to a high standard.
However, these risks must be weighed against the strong demand for rental housing in the area. The 16.2% renter share is notably high, suggesting a robust market for Section 8 vouchers. High renter density typically translates into higher voucher demand, which can provide a stable stream of tenants for landlords willing to participate in the program. This demand helps mitigate the risk of vacancies and ensures a steady occupancy rate, which is crucial for maintaining cash flow.
In summary, despite the challenges posed by potential tenant turnover and deferred maintenance, the high renter density in ZIP 72152 supports a moderate risk profile for a first-time Section 8 landlord. The key to success will lie in careful management practices and understanding the local rental market dynamics.
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.