Location: Little Rock-North Little Rock-Conway, 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 | $940 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $169,041 | 0.64% | D |
| 3BR | $1,460 | $257,809 | 0.57% | F |
| 4BR | $1,760 | $388,806 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP code 72058, located in Greenbrier, Arkansas, falls within the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 72058 in fiscal year 2024 is set at $1,010, which is lower than the market rent of $1,225. This indicates that while government-subsidized rents are slightly below the actual market rate, landlords can still expect to receive higher rents from unsubsidized tenants.
The median home value in ZIP 72058 is $277,983, which is relatively low compared to other ZIP codes within the larger Little Rock-North Little Rock-Conway metro area. Typically, ZIP codes within this HUD Metro FMR Area have higher home values, suggesting that 72058 could be considered a value pocket within the metro. This means it offers opportunities for both subsidized and non-subsidized housing at a price point that is more accessible than many surrounding areas.
The renter share in ZIP 72058 stands at 18.7%, which is a notable figure but not unusually high for the region. However, when combined with the lower-than-average home values, this suggests that there is a significant presence of renters who may be more inclined towards Section 8 housing. This characteristic makes ZIP 72058 an attractive location for landlords interested in participating in the Section 8 program, as there is a balance between a reasonable number of potential tenants and relatively affordable property costs.
In summary, ZIP 72058 appears to be a value pocket within the Little Rock-North Little Rock-Conway metro, offering a mix of affordability and demand for rental properties. Its lower FMR and home values, coupled with a moderate renter share, indicate a favorable environment for landlords looking to invest in Section 8 properties without the burden of extremely high property costs.
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.