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)
The ZIP code 72070, located within the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, serves as a strong cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 72070 in fiscal year 2024 is set at $830, which represents the maximum amount that a voucher holder can pay towards their monthly rent. This figure is crucial because it directly influences the rental income landlords can expect from tenants participating in the Section 8 program.
While the specific market rent data for ZIP 72070 is currently unavailable, the median home value stands at $177,015. Despite the lack of direct comparison to market rents, the FMR provides a reliable baseline for rental pricing, ensuring steady cash flow. Landlords can structure their leases to align closely with the $830 FMR, thereby minimizing the risk of non-payment and ensuring consistent income streams. This predictability is particularly valuable in a volatile real estate market, making ZIP 2070 an attractive choice for those seeking stable returns on their investments.
The median income in ZIP 72070 is $41,713, indicating that many residents rely on government assistance to afford housing. With 13.3% of the population being renters, there is a significant pool of potential Section 8 tenants. This high concentration of renters supports the notion that ZIP 72070 is well-suited for a Section 8-focused investment strategy, providing a solid foundation for cash flow management.
In conclusion, ZIP 72070 is best categorized as a cash-flow anchor within a Section 8 portfolio strategy. The defined FMR of $830 ensures predictable and stable rental income, while the demographic characteristics of the area, including a substantial renter share and reliance on government assistance, further reinforce its suitability for this role. For landlords and small-portfolio investors looking to secure consistent cash flows, investing in properties within ZIP 72070 is a strategic decision supported by the available data.
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.