Little Rock appreciation rates and housing market information

Little Rock housing market information

With 183,558 people, 84,888 houses or apartments, and a median cost of homes of $145,093, Little Rock real estate is some of the most expensive in Arkansas, although Little Rock home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Little Rock, accounting for 62.58% of the city's housing units. Other types of housing that are prevalent in Little Rock include large apartment complexes or high rise apartments (23.79%), duplexes, homes converted to apartments, or other small apartment buildings (8.52%), mobile homes or trailers (3.02%), and a few row houses and other attached homes (2.07%).

The most prevalent building size and type in Little Rock are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.43% owning, and 38.78% renting.

There is a lot of housing in Little Rock built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Little Rock built from 1940-1969 (37.25%). A lesser amount of the housing stock also hails from 1939 and earlier (8.41%), and some were built from 1995 and later (8.41%).

Little Rock home appreciation rates

Little Rock's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Little Rock during the period has been just 4.37%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Little Rock home appreciation rates, at 1.71%, have been at or slightly above the national average. In the latest quarter, Little Rock's appreciation rate has been 0.30%, which annualizes to a rate of 1.20%.

Relative to Arkansas, our data show that Little Rock's latest annual appreciation rate is higher than 46% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Little Rock differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Little Rock - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Little Rock real estate investment or home purchase decisions.