FY2027 Small Area FMR · Little Rock, AR

ZIP 72223 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72223 (Little Rock, AR) is $1,380 a month, down 2.1% from FY2026. That is 23% above the Little Rock-North Little Rock-Conway, AR area-wide FMR of $1,121.

2-bedroom SAFMR$1,380per month ▼ 2.1%

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

Rank in the area2ndof 92 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,242

2 BR Small Area FMR$1,380

110% of SAFMR$1,518

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

Studio$1,190▼ 1.7%

1 BR$1,190▼ 2.5%

2 BR$1,380▼ 2.1%

3 BR$1,850▼ 2.1%

4 BR$2,230▼ 0.4%

FY2027 FY2026

Where 72223 sits in the Little Rock-North Little Rock-Conway, AR area

Of the 92 ZIP codes HUD lists for the area, 72223 has the 2nd 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 $1,380 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	$1,190	$1,071 – $1,309	$964	$1,210
1 bedroom	$1,190	$1,071 – $1,309	$969	$1,220
2 bedrooms	$1,380	$1,242 – $1,518	$1,121	$1,410
3 bedrooms	$1,850	$1,665 – $2,035	$1,504	$1,890
4 bedrooms	$2,230	$2,007 – $2,453	$1,810	$2,240

A household renting a two-bedroom home at the Small Area FMR of $1,380 needs about $55,200 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 72223 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
72210	Little Rock	5.2 mi	$1,050
72212	Little Rock	5.5 mi	$1,160
72211	Little Rock	5.9 mi	$1,230
72135	Roland	6.8 mi	$1,360
72227	Little Rock	7.9 mi	$1,100
72113	Maumelle	8.1 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 72223?

HUD's FY2027 Small Area Fair Market Rents for 72223 are $1,190 (studio), $1,190 (1 BR), $1,380 (2 BR), $1,850 (3 BR) and $2,230 (4 BR) a month.

What is the Section 8 payment standard in 72223?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72223 that range is $1,242 to $1,518 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 72223?

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.