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 | $960 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
ZIP 72199, located within the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, presents a strategic opportunity for inclusion in a Section 8 portfolio. This ZIP code should be considered a cash-flow anchor due to its favorable Fair Market Rent (FMR) of $1110 for fiscal year 2024.
The FMR is a critical benchmark set by the U.S. Department of Housing and Urban Development (HUD) for determining payment standards in the Section 8 housing choice voucher program. In ZIP 72199, the FMR of $1110 ensures that landlords can receive a stable and predictable rental income stream from tenants participating in the Section 8 program. This stability is particularly important given the lack of available data on market rents and median home values, which could otherwise introduce uncertainty into investment decisions.
A cash-flow anchor in a Section 8 portfolio strategy means that the property will generate reliable income regardless of broader market fluctuations. The consistent demand for affordable housing and the government's commitment to funding the Section 8 program make ZIP 72199 an ideal candidate for such a role. Landlords can count on HUD to cover the difference between the tenant's contribution and the FMR, ensuring that they do not face significant financial risk even if other parts of their portfolio experience volatility.
While there is insufficient data to evaluate ZIP 72199 as an appreciation play or a diversifier, the strong cash-flow potential makes it a valuable addition to any Section 8-focused investment strategy. The low renter share of 0.0% suggests a predominantly owner-occupied area, but this does not detract from the ability of Section 8 properties to provide steady returns. In conclusion, ZIP 72199 serves best as a cash-flow anchor, providing landlords with a dependable source of income based on the established FMR of $1110.
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.