Location: Mississippi County, AR | Metro: Mississippi County, AR
| 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 |
U.S. Census Bureau data (2024)
36.8% of residents in ZIP code 72350 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $664 average market rent reported by the Census Bureau's American Community Survey, which reflects the typical cost tenants face in the area. However, the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $880, suggesting that landlords could potentially increase rents to meet this benchmark without losing tenants. The median income of $38,580 provides context on the financial capacity of the local population, though it does not directly correlate to rental affordability.
The lack of data on median home values (N/A) implies that there may be limited homeownership activity or that the data is not reliably collected for this metric. Similarly, the absence of Days on Market (DOM) and the percentage of homes that have had their prices cut (N/A%) indicates that the single-family home market may be stable, with few properties listed for extended periods or needing price adjustments. This stability can be beneficial for landlords who wish to avoid competition from new developments or fluctuating home prices.
Investors considering Section 8 participation should note the established $880 FMR as a guideline for setting rental rates that qualify under the program. Given the 36.8% renter share and the lower market rent of $664, landlords may find a receptive audience among those seeking affordable housing options through Section 8. The median income figure of $38,580 can help determine the eligibility threshold for potential tenants, ensuring a steady stream of qualified applicants.
In conclusion, for ZIP code 72350, the data supports a positive outlook for Section 8 participation, with a substantial renter base and room for rental rate increases to match the FMR. Landlords can expect a stable tenant pool and minimal competition from the sale of single-family homes. Verdict: Section 8 is a viable option for landlords in 72350.
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.