Location: Izard County, AR | Metro: Izard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 72573 presents several challenges for landlords considering participation in the Section 8 program. Firstly, tenant turnover is a significant concern due to the disparity between market rent and the Fair Market Rent (FMR) set at $880 for fiscal year 2026. This figure is based on the metro area, but without specific market rent data, it's clear that landlords may struggle to attract tenants willing to pay the higher market rates, leading to frequent changes in occupancy.
Vacancy exposure is another critical issue. With no data available on the days on market (DOM), it's difficult to predict how long a property might remain vacant. However, given the limited information on local rental dynamics, there is a potential for extended periods of vacancy, especially if the $880 FMR is below the actual market rate, which can deter tenants from leasing the property.
Deferred maintenance is also a risk factor. The lack of data on typical home values and median incomes suggests that homeowners may be less likely to invest in necessary repairs and improvements, potentially affecting the overall quality of housing stock in the area. This could lead to higher maintenance costs for landlords who must ensure their properties meet the standards required by the Section 8 program.
Despite these risks, the 0.0% renter share in ZIP 72573 is misleading without context. Typically, high renter density indicates a greater demand for rental properties and, consequently, Section 8 vouchers. However, since we have no information about the actual number of renters, it's impossible to determine whether there is a substantial demand for subsidized housing. If the population is predominantly homeowners, the demand for Section 8 properties might be lower, reducing the likelihood of finding eligible tenants quickly.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.