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 ZIP code 72183 stands out due to its unique data profile. With only 904 residents, it represents a small community where detailed economic analysis can reveal significant insights. Despite the limited data available regarding the percentage of residents renting, median income, and median home value, the Federal Market Rent (FMR) provides a critical benchmark for understanding the housing dynamics in this area.
The FMR for ZIP 72183 in fiscal year 2024 is set at $1110. This figure is crucial for landlords and small-portfolio investors participating in the Section 8 Housing Choice Voucher program. It indicates the maximum rent that can be charged to tenants who receive vouchers, ensuring affordability while providing a stable rental income. The FMR serves as a guideline when setting rents, particularly for units that cater to low-income families, which is a significant portion of the Section 8 program's clientele.
While the market rent data is currently unavailable, the FMR can still offer valuable insights into the local rental market. Landlords should use this information to align their rental pricing strategies with federal guidelines, thereby maintaining compliance and attracting tenants who benefit from the voucher system. Small-portfolio investors should also consider the FMR when evaluating potential returns on investment, as it reflects the government's assessment of fair market conditions in the area.
The data signature for ZIP 72183 suggests a transitional environment. Given the small population size and the lack of comprehensive economic indicators, it is challenging to determine long-term stability. However, the presence of the FMR provides a consistent reference point, which can help mitigate some of the uncertainty associated with smaller, less documented markets. For those interested in investing or managing properties in this ZIP code, staying informed about changes in the FMR and other local economic factors will be key to navigating the transitional nature of the area effectively.
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.