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 market analysis for Section 8 investors in ZIP code 72083, located in the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, reveals key insights into the viability of this investment strategy. The HUD Fair Market Rent (FMR) for ZIP 72083 in fiscal year 2024 is set at $850. This figure is slightly below the market rent, which stands at $895 according to Census ACS data. Therefore, voucher tenants will cashflow marginally, requiring landlords to maintain a keen eye on operating costs to ensure profitability.
Given that the median home value in the area is not available, deriving an exact rent-to-price ratio is challenging. However, the absence of a median home value suggests that the rental market may be more prominent than the homeownership market, which can influence the demand for rental properties. The days on market (DOM) and the percentage of homes that experience price cuts are also not available, but these factors would typically affect the buy-versus-rent decision. In the context of ZIP 72083, the focus should remain on the rental market dynamics, given the lack of homeownership data.
The primary advantage for investors in this area is stability. With a consistent HUD FMR rate and a market rent that closely aligns with it, investors can expect steady cash flow without significant fluctuations. While appreciation may not be as robust as in other markets, the predictability of the rental income provides a solid foundation for long-term investment strategies. Stability is the strongest angle for investors considering Section 8 properties in ZIP 72083.
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.