Location: Lee County, AR | Metro: Lee County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The analysis for Section 8 real estate in ZIP code 72352 is straightforward given the data. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $910. However, the market rent figure is not available, which makes it challenging to calculate the exact gap in dollars and percentage. Without the market rent, we cannot determine if the FMR exceeds or falls below the open-market rates.
In scenarios where the FMR is higher than the market rent, landlords can leverage the difference to ensure a steady and predictable cash flow, turning properties into a yield play. Voucher tenants provide guaranteed rental income through government subsidies, which can be particularly attractive when the FMR is above what the market typically offers. This scenario would allow landlords to maintain occupancy while receiving a rent amount that's closer to the FMR, even if the property's market value or typical rental rates are lower.
Conversely, if the FMR were below the market rent, landlords would face a decision regarding the cost of housing voucher tenants. Accepting tenants with Section 8 vouchers would mean renting at rates below what could potentially be earned in the open market, thus reducing profit margins. In such cases, landlords must weigh the benefits of guaranteed income against the potential for higher rents from non-voucher tenants.
The ZIP code 72352 has 0.0% of its population identified as renters, indicating a predominantly owner-occupied area. With the median home value and median income figures unavailable, it's difficult to anchor the analysis in broader economic context. However, the absence of market rent data suggests that there might be limited competition from other rental properties, which could influence how landlords approach Section 8 tenants.
To conclude, the viability of accepting Section 8 tenants in ZIP 72352 depends on whether the $910 FMR is above or below the actual market rent. Landlords should consider their investment goals and the local rental market dynamics before deciding. Given the lack of specific market rent data, further investigation is necessary to understand the full financial implications for both yield and cost considerations.
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.