FY2027 Small Area FMR · Alexander, AR
ZIP 72002 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72002 (Alexander, AR) is $1,120 a month, unchanged from FY2026. That is 0% equal to the Little Rock-North Little Rock-Conway, AR area-wide FMR of $1,121.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 72002 sits in the Little Rock-North Little Rock-Conway, AR area
Of the 92 ZIP codes HUD lists for the area, 72002 has the 37th highest two-bedroom Small Area FMR. Little Rock-North Little Rock-Conway, AR is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,121 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $960 | $864 – $1,056 | $964 | $960 |
| 1 bedroom | $970 | $873 – $1,067 | $969 | $970 |
| 2 bedrooms | $1,120 | $1,008 – $1,232 | $1,121 | $1,120 |
| 3 bedrooms | $1,500 | $1,350 – $1,650 | $1,504 | $1,500 |
| 4 bedrooms | $1,810 | $1,629 – $1,991 | $1,810 | $1,780 |
A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $93,700 and the 80% low-income limit for four people is $74,950. ZIP code 72002 lies mainly in Saline County and Pulaski County. See the Little Rock-North Little Rock-Conway, AR metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 72002?
HUD's FY2027 Small Area Fair Market Rents for 72002 are $960 (studio), $970 (1 BR), $1,120 (2 BR), $1,500 (3 BR) and $1,810 (4 BR) a month.
What is the Section 8 payment standard in 72002?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72002 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 72002?
The FY2026 income limits of the Little Rock-North Little Rock-Conway, AR area apply: median family income $93,700, low-income (80%) limit $74,950 for a family of four.