Location: Sharp County, AR | Metro: Sharp County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
To determine if a landlord should buy into ZIP code 72569 for Section 8 purposes, follow this decision tree based on the provided data.
1) Does the Fair Market Rent (FMR) of $890 clear debt service on a property?
No data is available to determine the exact cost of debt service for properties in ZIP 72569. However, landlords must ensure that the FMR of $890 covers their mortgage payments, taxes, insurance, and maintenance costs. If these expenses exceed $890 per month, then the answer is no. Otherwise, proceed to the next question.
2) Is the market rent above, at, or below the FMR of $890?
No data is provided for the current market rent in ZIP 72569. Landlords need to research local rental rates to compare against the FMR. If market rents are significantly higher than $890, then the area may be less attractive for Section 8 tenants, leading to potential vacancy issues. If market rents are at or below the FMR, then the area is more likely to attract Section 8 tenants, making it a viable investment option.
3) Are 0.0% of renters and N/A-day days on the market (DOM) enough demand?
The percentage of renters being 0.0% suggests that there is no rental activity reported, which could indicate low demand for rentals in the area. The lack of data on the average days on the market (DOM) further complicates the assessment of demand. Without sufficient demand, landlords might struggle to fill units with Section 8 tenants, leading to prolonged vacancies and reduced income.
In conclusion, the viability of purchasing properties in ZIP 72569 for Section 8 purposes hinges on whether the FMR of $890 can cover the total debt service costs. Additionally, landlords must assess the local market rent relative to the FMR and evaluate the demand for rentals in the area. Given the absence of key data points such as market rent and DOM, it is difficult to make a definitive recommendation. It depends on the landlord's ability to gather additional information and perform a thorough analysis of the financials and market conditions.
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.