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Housing market/Arkansas/ZIP 72116

ACS 2023 · FY2027 SAFMR

ZIP 72116 North Little Rock, Arkansas

Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area · Arkansas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
21,090
Households
10,031
Median HH income
$75,490
Renter share
35.5%
Median gross rent
$1,058
Vacancy
5.0%
Pop. change
-5.6%
2BR SAFMR
$1,150
SAFMR / rent
1.087×
2–49 unit stock
2,580
LIHTC proj / units
4 / 488
HUD assisted MF
1 / 12

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 72116 · AR — sent to you.

ZIP 72116 · AR

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ACS rent vs 2BR SAFMR

ZIP 72116 — North Little Rock, AR HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,058
2BR SAFMR$1,150
90% floor$1,035
110% ceiling$1,265

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 72116

  • 1-unit detached7,10767.4%
  • 1-unit attached2142.0%
  • 2–4 units5865.6%
  • 5–49 units1,99418.9%
  • 50+ units5695.4%
  • Mobile710.7%
TypeUnitsShare
1-unit detached7,10767.3%
1-unit attached2142.0%
2 units (duplex)1231.2%
3–4 units4634.4%
5–9 units1,07410.2%
10–19 units6786.4%
20–49 units2422.3%
50+ units5695.4%
Mobile710.7%

2–4 unit share 5.6% · 5–49 unit share 18.9% · combined 2–49 24.4%.

Units by bedrooms

Studio
85
1BR
1,184
2BR
2,573
3BR
4,156
4BR
2,281
5+
277

Rent burden

Rent ≥30% of income46.0%
Rent ≥50% of income25.6%
  • ACS median gross rent $1,058 (all bedrooms, occupied rentals).
  • Median contract rent $897.
  • Renters paying ≥30% of income 46.0%; ≥50% 25.6%.
  • FY2027 2BR SAFMR $1,150 (1.087× ACS median gross rent).

Population

21,090 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -5.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 488 units.
  • HUD project-based assisted MF: 1 properties, 12 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 113 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 72116 35.5% of occupied households are renters; vacancy is 5.0%; ACS median gross rent is $1,058; population changed -5.6% between the 2018 and 2023 ACS vintages; the housing stock includes 586 units in 2–4-unit structures and 1,994 units in 5–49-unit structures; 4 LIHTC projects totaling 488 units; FY2027 2BR SAFMR is $1,150 versus ACS median gross rent of $1,058. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Arkansas research

ZIP 72116 is a Census / HUD profile for Little Rock-North Little Rock-Conway, AR. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 72116 — North Little Rock, AR HUD Section 8 Payment Standards / SAFMR·Arkansas ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
71909Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area13.3%$1,143$1,30072002Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area17.0%$1,028$1,12072007Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area19.0%$1,193$1,33072016Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area22.3%$844$1,04072018Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area——$1,08072019Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area26.1%$985$1,07072022Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area34.1%$987$1,08072023Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area26.4%$978$1,14072032Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area38.6%$976$1,07072033Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area——$1,07072034Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area53.3%$993$1,11072035Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area——$1,110

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Arkansas research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 72116?

ZIP 72116 (Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area) has 21,090 residents, 10,031 households, a renter share of 35.5%, median household income of $75,490, and ACS 2023 median gross rent of $1,058. Vacancy is 5.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 72116?

ACS counts 123 units in 2-unit buildings, 463 in 3–4 unit buildings, 1,074 in 5–9, 678 in 10–19, and 242 in 20–49. Combined 2–49 unit stock is 2,580 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 72116?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,150. See the full schedule and 90–110% payment-standard band on the ZIP 72116 — North Little Rock, AR HUD Section 8 Payment Standards / SAFMR.

Does this Arkansas ZIP profile include Georgia listings?

No. ZIP 72116 is Census / HUD research for Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area. Jeff Crowe CRE does not list Arkansas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.