FY2027 Small Area FMR · North Little Rock, AR

ZIP 72115 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72115 (North Little Rock, AR) is $1,150 a month, down 1.7% from FY2026. That is 3% above the Little Rock-North Little Rock-Conway, AR area-wide FMR of $1,121.

2-bedroom SAFMR$1,150per month ▼ 1.7%

Area-wide 2 BR FMR$1,121Little Rock-North Little Roc

Rank in the area14thof 92 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$990▼ 1.0%

1 BR$990▼ 2.0%

2 BR$1,150▼ 1.7%

3 BR$1,540▼ 1.9%

4 BR$1,860■ 0.0%

FY2027 FY2026

Where 72115 sits in the Little Rock-North Little Rock-Conway, AR area

Of the 92 ZIP codes HUD lists for the area, 72115 has the 14th 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 $1,150 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$990	$891 – $1,089	$964	$1,000
1 bedroom	$990	$891 – $1,089	$969	$1,010
2 bedrooms	$1,150	$1,035 – $1,265	$1,121	$1,170
3 bedrooms	$1,540	$1,386 – $1,694	$1,504	$1,570
4 bedrooms	$1,860	$1,674 – $2,046	$1,810	$1,860

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 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 72115 lies mainly in 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

ZIP	Place	Distance	2 BR SAFMR
72114	North Little Rock	0.5 mi	$1,040
72201	Little Rock	1.7 mi	$1,430
72116	North Little Rock	2.5 mi	$1,150
72202	Little Rock	3.3 mi	$1,180
72199	North Little Rock	4.1 mi	$1,110
72207	Little Rock	4.5 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 72115?

HUD's FY2027 Small Area Fair Market Rents for 72115 are $990 (studio), $990 (1 BR), $1,150 (2 BR), $1,540 (3 BR) and $1,860 (4 BR) a month.

What is the Section 8 payment standard in 72115?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72115 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 72115?

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.