Location: Mississippi County, AR | Metro: Mississippi County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
The ZIP code 72313 presents several challenges for potential Section 8 landlords. Tenant turnover is a significant concern due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $880 for fiscal year 2026, which is set for the metro area. This gap can lead to higher tenant churn as individuals seek properties that better match their financial capabilities. Additionally, the vacancy exposure is notable because the days on market (DOM) data is currently unavailable, making it difficult to predict how long it might take to find a tenant. The deferred maintenance exposure is another issue, as there is no available information on the typical home values or median incomes in the area. This lack of data makes it challenging to assess the financial health of the properties and the ability of residents to contribute to maintenance costs.
Despite these risks, the high concentration of renters in the area, represented by the N/A% renter share, suggests a strong demand for rental housing, including Section 8 vouchers. High renter density typically translates into a robust pool of potential tenants, which can mitigate the risk of vacancies. However, without specific figures on renter share, it's important to note that while there is likely a significant number of renters, the exact level of demand cannot be quantified.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 72313.
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.