Location: Little Rock-North Little Rock-Conway, AR | Metro: Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
ZIP 72053, located within the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1110. This figure is critical for landlords and small-portfolio investors as it represents the maximum rental amount that can be charged under the Section 8 program.
The lack of specific market rental rates and median home values in the provided data suggests that ZIP 72053 is less competitive in terms of market pricing, making it an ideal location for securing steady cash flow through the Section 8 program. By relying on the guaranteed rental payments from the government, landlords can mitigate risks associated with market fluctuations and ensure consistent revenue streams.
Despite the absence of data on the price-cut share and days on market (DOM), which are typically indicators of an appreciation play, the low renter share of 0.0% points towards a limited supply of rental properties. This scarcity could drive up demand for available rentals, including those covered by Section 8 vouchers, thereby providing a stable tenant base and predictable cash flows.
In conclusion, ZIP 72053's characteristics make it a reliable cash-flow anchor due to the fixed and guaranteed nature of Section 8 rents. Landlords should focus on optimizing their properties to meet the requirements of the program while leveraging the stability offered by the FMR to secure long-term financial benefits.
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.