Location: Jefferson County, 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)
12.3% of residents in ZIP code 72072 are renters, indicating a smaller but steady demand for rental properties. The Fair Market Rent (FMR) for the area, set at $910 for zip FY 2024, provides a benchmark for pricing rentals. This figure is crucial for landlords and small-portfolio investors looking to align their rents with the local market standards. While the median home value is not available, it's worth noting that the median income in the area stands at $36,818, which can influence the affordability of housing and the potential for rental income. The lack of data on days on market (DOM) and the percentage of price-cut share suggests stability in the real estate market, without significant fluctuations that could impact investment decisions. Investors should focus on maintaining rents close to the FMR to ensure occupancy rates and profitability. Given the limited availability of market-specific data, relying on the FMR and understanding the local economic conditions, such as the median income, is essential. The smaller renter share implies that competition for tenants might be less intense, allowing for more strategic pricing and management of rental units. In conclusion, the Section 8 program, with its FMR guidelines, remains a viable option for landlords in ZIP 72072, providing a stable source of rental income.
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.