Skip to main content
Loading page
Lonoke County/Cabot/72023

72023

ZIPSAFMR
Lonoke County, AR
Zillow

ZIP Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$980$910
1 BR$990$940
2 BR$1,140$1,080
3 BR$1,530$1,450
4 BR$1,840$1,850
5 BR$2,116Not available
6 BR$2,433Not available
7 BR$2,798Not available
8 BR$3,218Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMR$1,140
Market rentUsed$1,080
Est. payment standard (97%)$1,100
-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

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.08
1 BR
1.05
2 BR
1.06
3 BR
1.06
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 72023 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72023 (Cabot, AR) is $1,140 a month. That is unchanged from FY 2026. Cabot 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, 72023 has the 2nd-highest two-bedroom rent (county range $1,040–$1,330). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72023 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 72023
BedroomsFY 2027Change90–110% range
Studio$9800.0%$882–$1,078
1BR$990+1.0%$891–$1,089
2BR$1,1400.0%$1,026–$1,254
3BR$1,5300.0%$1,377–$1,683
4BR$1,840+1.7%$1,656–$2,024

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 72023
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$990$1,140$1,530$1,840
FY 2026$980$980$1,140$1,530$1,810
FY 2025$890$890$1,030$1,370$1,630
FY 2024$950$950$1,090$1,460$1,720
FY 2023$800$810$930$1,240$1,480

Two-bedroom rent in nearby Lonoke County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 72023
72007$1,330+16.7%
72023Current$1,140—
72024$1,040−8.8%
72037$1,090−4.4%
72046$1,040−8.8%
72072$1,040−8.8%
72083$1,040−8.8%
72086$1,050−7.9%
72176$1,090−4.4%

Questions about ZIP 72023 rents

How much will Section 8 pay for a two-bedroom in ZIP 72023?

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 $1,140 it would be $1,026 to $1,254. 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 72023 in?

ZIP 72023 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 72023 for FY 2027?

The two-bedroom FMR was unchanged at $1,140 in FY 2027. Since FY 2023 it has risen 22.6%.

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