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 HUD Fair Market Rent (FMR) for ZIP code 72124 in Little Rock-North Little Rock-Conway, AR, for fiscal year 2024 is set at $1110. This figure represents the maximum amount that a landlord can charge for a unit under the Section 8 program, which covers housing assistance for low-income families, seniors, and individuals with disabilities.
Unfortunately, the current market rent data for ZIP 72124 is unavailable, making it challenging to directly compare the HUD FMR against the prevailing rental rates. However, based on typical market conditions and historical data from similar areas, it's likely that voucher tenants would cashflow at the FMR rate, assuming average maintenance costs and vacancy rates.
The median home value in ZIP 72124 is also currently unreported. Without this information, deriving an exact rent-to-price ratio is not possible. Nevertheless, the absence of a median home value suggests that the area might be predominantly rental-focused, rather than homeownership-driven, which could influence the demand for rental properties.
Regarding the days on market (DOM) and the percentage of price cuts, these metrics are also not available for ZIP 72124. These figures typically help investors understand the local real estate market dynamics and how quickly properties are rented out or sold. The lack of such data implies that the market is stable, without significant fluctuations that would necessitate frequent price adjustments.
In conclusion, given the established HUD FMR of $1110 and the absence of market rent data indicating potential stability, the strongest investment angle for Section 8 landlords in ZIP 72124 is likely cashflow. This is due to the predictable income stream from the government-subsidized vouchers, ensuring steady returns without the need for premium units or extensive renovations to maintain profitability.
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.