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 analysis of ZIP 72215 reveals several key points for landlords and small-portfolio investors. The first question to address is whether the rent math works. The Fair Market Rent (FMR) for ZIP 72215 in fiscal year 2024 is set at $1110. However, without specific data on market rent, it's challenging to make a direct comparison. If the market rent is below or near the FMR, then the rent math could be favorable for properties that qualify under the Section 8 program.
Moving on to the affordability of acquisitions, the median home value and days on market (DOM) are not provided. Similarly, the percentage of homes that have had their prices cut is also missing. This lack of information makes it difficult to assess the financial feasibility of acquiring new properties in this area. Investors should seek out local real estate agents or use online resources to find these crucial details.
The third point to consider is tenant demand. The population and the percentage of renters in ZIP 72215 are not specified, which means we cannot accurately gauge the potential demand for rental properties. High tenant demand is critical for ensuring occupancy rates and steady cash flow, so this information is essential before making any investment decisions.
In conclusion, while the Fair Market Rent at $1110 provides a benchmark for rental pricing, the absence of detailed market data, including median home values, days on market, price-cut percentages, and demographic information, hinders a comprehensive analysis. Landlords and small-portfolio investors must gather additional data to fully understand the economic viability and tenant demand in ZIP 72215. Without these specifics, the decision to invest remains uncertain.
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.