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 | $930 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
To classify ZIP code 72089 in Unknown, AR, we must rely on the available data points for Fiscal Year 2024, which include the Fair Market Rent (FMR) set at $1070. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in this area. However, due to the lack of specific market rent and home value data, we cannot directly compare these to determine the yield potential. The absence of such comparative figures makes it difficult to assess whether this is a high-yield market relative to typical market rents or home values.
Moving on to stability, the dataset does not provide percentages of renters, average days on market (DOM), or median household income. Without these details, we cannot fully gauge the stability of the rental market in ZIP 72089. Stability is crucial for landlords and small-portfolio investors as it indicates the predictability of cash flow and the likelihood of tenant retention.
Based on the FMR alone, if we assume that the FMR closely aligns with the market rent (which is often the case in less competitive markets), then a landlord could expect a steady cash flow with a rental rate of $1070 per month. However, the true yield and stability of the market remain uncertain without additional data points such as local competition levels, property values, and economic indicators.
To make an informed decision, landlords and investors should seek out local real estate agents or use other tools to gather missing data points, such as local property listings to estimate market rents and home values, and census data to understand the economic profile of the area.
In summary, ZIP 72089 presents a scenario where the yield is known but the stability metrics are not. This suggests a steady-cashflow zone based on the FMR, but the overall risk assessment requires further investigation into the local market dynamics and economic conditions.
Data Sources: FMR data from HUD (2027).
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.