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 | $990 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
The ZIP code 72119, located in the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The HUD Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 72119 for fiscal year 2024 is $1110. This figure represents the benchmark rent that landlords can charge tenants participating in the Section 8 program.
While specific market data such as median home values and rental prices for ZIP 72119 were not readily available, broader data from the Little Rock-North Little Rock-Conway area indicates a median property value of $214,100 in 2024. This value is significantly lower than the national average of $332,700, suggesting that properties in this area are generally more affordable. Given the lower property values and the established FMR, landlords can expect steady and predictable cash flow from Section 8 tenants.
ZIP 72119 does not appear to be an ideal appreciation play due to the lack of recent price-cut shares and days on market (DOM) data. However, it remains a reliable asset for generating consistent rental income, particularly for those looking to stabilize their investment portfolios.
Furthermore, the area has a growing population, which supports the idea of it being a diversifier within a larger portfolio. While exact median income figures for ZIP 72119 were not found, the overall economic conditions suggest a stable tenant pool for Section 8 properties.
In summary, ZIP 72119 should be considered a cash-flow anchor within a Section 8 portfolio strategy. The predictability of the HUD Fair Market Rent ensures that landlords receive a reliable income stream from Section 8 tenants, making it a solid choice for those seeking financial stability in their real estate investments.
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.