Location: Mississippi County, AR | Metro: Mississippi County, AR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $690 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,170 | $143,290 | 0.82% | C |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 72315 reveals several potential challenges that landlords must consider when entering the Section 8 housing market. First, tenant turnover can be a significant issue due to the discrepancy between the market rent of $855 and the Fair Market Rent (FMR) of $880 for FY 2026 in the metropolitan area. This slight gap might not seem substantial, but it can affect the stability of tenancy as tenants may seek more affordable options elsewhere.
Vacancy exposure is another concern. The Days on Market (DOM) data is currently unavailable, which makes it difficult to predict how long properties might remain vacant before finding a Section 8 tenant. A prolonged vacancy period can lead to financial losses, especially if the property is not generating rental income during that time.
Deferred maintenance is also a critical factor. With a typical home value of $101,815 and a median income of $52,259, there is a risk that homeowners may delay necessary repairs due to financial constraints. This can impact the quality and condition of the properties, leading to higher maintenance costs for landlords who take over these units.
However, these risks are somewhat mitigated by the high renter share in ZIP 72315, which stands at 40.9%. High renter density generally indicates a strong demand for rental properties, including those that accept Section 8 vouchers. This demand can help ensure a steady stream of tenants and reduce the likelihood of extended vacancies.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 72315 is moderate. While there are notable challenges, the robust demand for rentals provides a counterbalance to some of the risks involved.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.