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Lonoke County/Austin/72007

72007

ZIPSAFMR
Lonoke County, AR
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,140$850
1 BR$1,150$880
2 BR$1,330$1,080
3 BR$1,780$1,780
4 BR$2,150$1,830
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMR$1,330
Market rentUsed$1,080
Est. payment standard (90%)$1,200
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.34
1 BR
1.31
2 BR
1.23
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 72007 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72007 (Austin, AR) is $1,330 a month. That is up 3.1% from $1,290 in FY 2026. Austin is in the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,121. Among 9 ZIP codes in Lonoke County, 72007 has the highest two-bedroom rent (county range $1,040–$1,330). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72007 is 46% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 72007
BedroomsFY 2027Change90–110% range
Studio$1,140+2.7%$1,026–$1,254
1BR$1,150+3.6%$1,035–$1,265
2BR$1,330+3.1%$1,197–$1,463
3BR$1,780+2.9%$1,602–$1,958
4BR$2,150+4.9%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 72007
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,150$1,330$1,780$2,150
FY 2026$1,110$1,110$1,290$1,730$2,050
FY 2025$1,020$1,030$1,190$1,590$1,880
FY 2024$1,020$1,030$1,180$1,580$1,860
FY 2023$880$890$1,020$1,360$1,630

Two-bedroom rent in nearby Lonoke County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 72007
72007Current$1,330—
72023$1,140−14.3%
72024$1,040−21.8%
72037$1,090−18.0%
72046$1,040−21.8%
72072$1,040−21.8%
72083$1,040−21.8%
72086$1,050−21.1%
72176$1,090−18.0%

Questions about ZIP 72007 rents

How much will Section 8 pay for a two-bedroom in ZIP 72007?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,121, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,009 to $1,233 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 72007 in?

ZIP 72007 is in the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,121.

How much did fair market rent change in ZIP 72007 for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,290 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 30.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAustin, AR fair market rentAR statewide rentsWhat is SAFMR?Data sources