Section 8 Fair Market Rent (FMR) for ZIP 72046 - 2027

Location: Jefferson County, AR | Metro: Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,876

Median Household Income

$56,685

Housing Units

1,912

Renter Percentage

30.0%

Occupancy Rate

89.1%

Renter Occupied

511

Housing Authorities Serving ZIP 72046

Housing Authority of the City of Little Rock (Little Rock, AR) - 3,177 Section 8 vouchers
North Little Rock Housing Authority (North Little Rock, AR) - 2,417 Section 8 vouchers
Housing Authority of the City of Pine Bluff (Pine Bluff, AR) - 1,130 Section 8 vouchers
Lonoke County Housing Authority (Carlisle, AR) - 1,050 Section 8 vouchers
Jacksonville Housing Authority (Jacksonville, AR) - 786 Section 8 vouchers
Housing Authority of the City of England (England, AR)

The ZIP code 72046, located in the heart of rural Arkansas, offers a unique investment opportunity for landlords and small-portfolio investors looking to capitalize on the local real estate market. This area is characterized by its blend of suburban and rural living, providing a stable environment for rental properties.

The Fair Market Rent (FMR) for ZIP 72046 in fiscal year 2024 is set at $880, indicating the maximum amount that a tenant receiving Section 8 assistance can pay for rent.
The average market rent for the area, according to the Census ACS, stands at $753, suggesting a competitive pricing environment where Section 8 tenants can cover the costs of renting.
The median home value in ZIP 72046 is $142,460, which is relatively low compared to urban areas, making it easier for investors to acquire properties without significant capital outlay.
Renters make up 30.0% of the population, showing a moderate demand for rental housing.
The median income for residents is $56,685, which aligns well with the rental rates and suggests a steady income stream for landlords.

In summary, ZIP 72046 presents a balanced real estate market for Section 8 investments. The FMR exceeds the average market rent, ensuring that rental properties can be rented out to Section 8 tenants at a profitable rate. With a median home value of $142,460, there's potential for acquiring properties at reasonable prices. The moderate renter share and median income levels support a healthy demand for affordable rentals, making this area attractive for those seeking stable returns on their investment properties.

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.