Location: Sharp County, AR | Metro: Independence County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP code 72579 highlights several potential challenges that landlords should consider before entering into Section 8 rental agreements. Tenant turnover is a significant concern, as the market rent stands at $794, which is below the Fair Market Rent (FMR) of $880 for the metro area in fiscal year 2026. This discrepancy can lead to higher turnover rates, as tenants may prefer properties that offer the full FMR subsidy. Additionally, the vacancy exposure is considerable due to the lack of data on days on market (DOM), indicating uncertainty around how quickly a property might be rented out.
Deferred maintenance is another risk factor, particularly given the typical home value of $196,432 and a median income of $104,167. Landlords must ensure they have adequate funds set aside for repairs and maintenance, as these costs can quickly erode profits if not managed properly. The financial strain of maintaining a property at the subsidized rate while also keeping up with necessary repairs can be challenging.
However, these risks are somewhat mitigated by the high renter share in the area, which is 31.0%. High renter density typically translates to a higher demand for rental properties, including those that accept Section 8 vouchers. This increased demand can help stabilize occupancy rates and reduce the likelihood of prolonged vacancies.
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.