Location: St. Francis County, AR | Metro: St. Francis County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 72394 presents a modest tenant pool for Section 8 housing. With a population of 451, only 22.0% are renters, indicating that this area is primarily dominated by homeowners rather than renters. This suggests that the demand for rental properties using Section 8 vouchers will be limited compared to areas with higher percentages of renters.
The median household income in this ZIP is $46,875. Given the market rent of $567, it's important to note that typical rent consumes approximately 12.1% of the local median income. This figure is calculated by dividing the market rent by the median income and multiplying by 100. While this percentage might seem reasonable, it's crucial to consider the financial burden on potential tenants who rely on government assistance.
Comparing the market rent to the Fair Market Rent (FMR) of $920 for fiscal year 2026, it becomes evident that the market rent is significantly lower at about 61.6% of the FMR. This implies that landlords in ZIP 72394 could potentially receive a higher rent subsidy per unit under the Section 8 program, making it financially viable despite the smaller tenant pool.
Landlords in this ZIP should anticipate a tenant profile that is largely dependent on government assistance due to the relatively low median income. These tenants will likely have a household income below the area median income, necessitating the use of vouchers to afford housing. The scarcity of voucher holders means that competition among them for available rental units could be fierce, leading to a pool of tenants who are keenly aware of the value of subsidized housing.
In summary, while ZIP 72394 is not heavily populated with renters, the presence of Section 8 vouchers can still provide a steady stream of tenants for those willing to participate in the program. Landlords should prepare for a tenant base that is financially constrained but motivated to secure stable housing.
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.