Housing market/Arkansas/ZIP 72034

ACS 2023 · FY2027 SAFMR

ZIP 72034 Conway, 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
49,420
Households
20,944
Median HH income
$61,675
Renter share
53.3%
Median gross rent
$993
Vacancy
7.0%
Pop. change
-1.4%
2BR SAFMR
$1,110
SAFMR / rent
1.118×
2–49 unit stock
7,166
LIHTC proj / units
6 / 598
HUD assisted MF
5 / 144

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 72034 · AR — sent to you.

ZIP 72034 · AR

ACS median rent$993
2BR SAFMR$1,110
90% floor$999
110% ceiling$1,221

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

Housing stock

ACS 2023 units-in-structure · ZCTA 72034

  • 1-unit detached13,53960.1%
  • 1-unit attached4562.0%
  • 2–4 units2,0249.0%
  • 5–49 units5,14222.8%
  • 50+ units4782.1%
  • Mobile8843.9%
TypeUnitsShare
1-unit detached13,53960.1%
1-unit attached4562.0%
2 units (duplex)1,4936.6%
3–4 units5312.4%
5–9 units1,2085.4%
10–19 units3,22814.3%
20–49 units7063.1%
50+ units4782.1%
Mobile8843.9%

2–4 unit share 9.0% · 5–49 unit share 22.8% · combined 2–49 31.8%.

Units by bedrooms

Studio
321
1BR
1,989
2BR
6,500
3BR
9,177
4BR
3,600
5+
936

Rent burden

Rent ≥30% of income44.4%
Rent ≥50% of income21.3%
  • ACS median gross rent $993 (all bedrooms, occupied rentals).
  • Median contract rent $766.
  • Renters paying ≥30% of income 44.4%; ≥50% 21.3%.
  • FY2027 2BR SAFMR $1,110 (1.118× ACS median gross rent).

Population

49,420 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.4%.

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

Assisted inventory

  • LIHTC: 6 projects, 598 units.
  • HUD project-based assisted MF: 5 properties, 144 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 284 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 72034 53.3% of occupied households are renters; vacancy is 7.0%; ACS median gross rent is $993; population changed -1.4% between the 2018 and 2023 ACS vintages; the housing stock includes 2,024 units in 2–4-unit structures and 5,142 units in 5–49-unit structures; 6 LIHTC projects totaling 598 units; FY2027 2BR SAFMR is $1,110 versus ACS median gross rent of $993. 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 72034 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.

Nearby ZIPs in this FMR area

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 72034?

ZIP 72034 (Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area) has 49,420 residents, 20,944 households, a renter share of 53.3%, median household income of $61,675, and ACS 2023 median gross rent of $993. Vacancy is 7.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 72034?

ACS counts 1,493 units in 2-unit buildings, 531 in 3–4 unit buildings, 1,208 in 5–9, 3,228 in 10–19, and 706 in 20–49. Combined 2–49 unit stock is 7,166 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 72034?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,110. See the full schedule and 90–110% payment-standard band on the ZIP 72034 — Conway, AR HUD Section 8 Payment Standards / SAFMR.

Does this Arkansas ZIP profile include Georgia listings?

No. ZIP 72034 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.