Location: Jefferson County, AR | Metro: Jefferson County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,220 |
| 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 72168 is home to 1,803 residents, with 27.0% of them being renters. This indicates that it is a moderately renter-heavy area, suggesting there could be significant demand for rental properties among tenants utilizing Section 8 vouchers.
Although the median household income for this ZIP code is not available, we can still analyze the rental market dynamics based on the voucher information. The Fair Market Rent (FMR) for ZIP 72168 in fiscal year 2024 is set at $900. This figure serves as an important benchmark for understanding the affordability of housing in the area.
Given that the market rent is not specified, we cannot calculate the exact percentage of local income that goes towards rent. However, we can infer that if the typical rent aligns closely with the FMR of $900, then it would likely consume a substantial portion of the average tenant's income, especially considering the lack of median income data which might imply lower-income demographics.
In terms of tenant profiles, landlords in ZIP 72168 should expect a mix of individuals and families who rely on Section 8 vouchers to cover their housing costs. These tenants will be looking for affordable housing options that do not exceed the FMR. It is crucial for landlords to understand the requirements and processes associated with Section 8 tenancy to ensure compliance and manage expectations effectively.
The presence of a sizable renter population and the potential for deep voucher demand suggests that landlords should focus on maintaining properties that meet the quality standards required for Section 8 eligibility. Additionally, landlords must be prepared to work with housing authorities to facilitate the voucher process and ensure timely rent payments.
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.