Location: Phillips County, AR | Metro: Phillips County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The potential pitfalls for a Section 8 landlord in ZIP code 72333 are significant. Tenant turnover is a critical issue, as the market rent stands at $368, which is far below the Federal Market Rent (FMR) of $880 for fiscal year 2026 in the metropolitan area. This disparity can lead to frequent changes in occupancy, increasing the administrative burden on landlords.
Vacancy exposure is another concern. The days on market (DOM) for properties in this area is currently unknown, indicating that landlords might face prolonged periods without tenants. This uncertainty makes it difficult to predict cash flow stability and could result in significant financial strain.
The deferred maintenance exposure is also notable. With an average home value of $59,217 and a median household income of $41,719, there is a risk that some tenants may not prioritize regular upkeep of the property. Landlords must be prepared to handle maintenance issues promptly to ensure compliance with housing standards and avoid potential legal complications.
However, these risks are somewhat mitigated by the high concentration of renters in ZIP 72333. With 29.7% of residents being renters, the demand for rental properties, including those accepting Section 8 vouchers, is likely to be robust. High renter density typically translates into a greater number of individuals seeking government-subsidized housing options, thus potentially reducing vacancy rates.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and the need for timely maintenance, the high renter share suggests a reasonable level of demand for subsidized rentals. Therefore, the overall risk for a first-time Section 8 landlord in ZIP 72333 is moderate.
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.