Location: Grant County, AR | Metro: Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $237,808 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 72011 stands out within its county due to a unique mix of demographics and housing economics. With a population of 4,648 residents, it has an 11.6% rental rate, indicating that a significant portion of the community owns their homes. The median income of $84,446 places residents above the national average, while the median home value of $244,779 suggests a relatively stable housing market.
When examining the Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 72011 is set at $1,060 for fiscal year 2024. This is notably higher than the current market rent of $947, as reported by the Census Bureau's American Community Survey (ACS). The discrepancy between these figures highlights the potential for increased rental activity among low-income tenants who can leverage the higher voucher amounts to secure housing within this ZIP code.
The data signature for ZIP 72011 reads as "stable." The modest rental rate combined with a higher-than-average median income and median home value indicates a community that is financially sound and likely resistant to rapid changes in housing dynamics. However, the higher FMR compared to market rates could introduce some transitional elements into the rental market, particularly if it attracts more voucher holders seeking affordable housing options.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.