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 | $950 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
$920 is the Fair Market Rent (FMR) for ZIP 72099 as of fiscal year 2024. The lack of available market rent data indicates limited private sector activity in this area. Similarly, the absence of median home value, renter share, and median income data suggests that the ZIP code's real estate market is not extensively documented.
N/A-day Days on Market (DOM) implies that listings in ZIP 72099 tend to sell quickly, reducing the need for prolonged exposure to the market. With N/A% of homes needing price adjustments, it also suggests that sellers are pricing their properties competitively, minimizing the risk of overpricing and subsequent stagnation.
The housing market in ZIP 72099 presents opportunities for landlords and small-portfolio investors due to its low competition and high demand for affordable housing options. The FMR of $920 aligns closely with the financial assistance provided through Section 8 programs, making these units attractive to potential tenants.
A closer look at similar ZIP codes reveals a range of property values and conditions, but the consistent trend of rapid sales and competitive pricing underscores the stability and appeal of investing in this area.
Section 8 Verdict: ZIP 72099 is a viable investment target for landlords and small-portfolio investors, given its alignment with Section 8 Fair Market Rents and the efficient turnover of properties.
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.