Location: Independence County, AR | Metro: Independence County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 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)
To determine if a landlord should buy in ZIP code 72571 for Section 8 purposes, follow this decision tree based on the provided data.
1) Does the Fair Market Rent (FMR) of $920 for the metro area in fiscal year 2026 clear debt service on a property?
No data is available regarding the average debt service for properties in ZIP 72571. Therefore, you must assess whether $920 per month is sufficient to cover your mortgage payments, property taxes, insurance, and maintenance costs. Without specific figures, it is impossible to provide a definitive answer.
2) Is the market rent above, at, or below the FMR of $920?
No data is provided for the market rent in ZIP 72571. To make an informed decision, you need to know if the local market rent is higher, equal to, or lower than the FMR. If market rent is above $920, it indicates a strong rental market where Section 8 might be less competitive. If market rent is at or below $920, then Section 8 vouchers could be more attractive to tenants.
3) Are the 0.0% renters and N/A-day days on the market (DOM) indicative of enough demand for Section 8 properties?
The data shows that there are currently no renters in ZIP 72571, which suggests a lack of demand for rental properties, including those accepting Section 8 vouchers. Additionally, the absence of data for days on the market implies either a very low number of listings or that the market is not active. This combination points to a weak rental market with insufficient demand for Section 8 units.
Note: The decision to invest in Section 8 properties in ZIP 72571 heavily relies on the answers to these gating questions. If you cannot clear debt service with the FMR, if market rents are significantly higher, or if there is a lack of demand, then investing in this ZIP code would not be advisable.
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.