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 |
ZIP code 72255, located within the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1110 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it sets the standard for rental pricing within the area.
To understand where ZIP 72255 stands within the broader metro context, we must first examine the typical characteristics of other ZIP codes in the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area. Generally, ZIP codes in this region have a range of FMRs, market rents, and home values that vary based on location and amenities. However, the specific data for market rent, home value, and renter share for ZIP 72255 is currently unavailable.
Despite the lack of complete data, we can infer that ZIP 72255 likely falls into the value pocket category within the metro area. This classification is based on the relatively low FMR compared to what might be expected in more affluent or centrally located neighborhoods. A value pocket typically offers lower costs and is attractive to budget-conscious tenants, including those who rely on Section 8 vouchers.
The absence of market rent and home value data suggests that there may be limited private investment activity in this ZIP code, potentially making it an under-the-radar opportunity for landlords looking to serve a niche market. The unknown percentage of renters also indicates that further research would be beneficial to fully gauge the potential demand for rental properties in this area.
While we cannot definitively state that 72255 is a Section 8 sweet spot without knowing the exact renter share percentage, the low FMR of $1110 could indicate a concentration of Section 8 voucher holders. In areas where the renter share is high and home values are below average, such conditions often attract Section 8 tenants seeking affordable housing options.
In conclusion, ZIP 72255 appears to be a value pocket within the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area. Its FMR is notably lower than what might be found in premium sub-markets, suggesting a focus on affordability. Landlords should consider this ZIP code for properties that cater to budget-conscious tenants, especially those utilizing Section 8 vouchers.
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.