North Little Rock appreciation rates and housing market information

North Little Rock housing market information

With 60,432 people, 27,562 houses or apartments, and a median cost of homes of $124,727, house prices in North Little Rock are solidly below the national average.

single-family detached homes are the single most common housing type in North Little Rock, accounting for 70.84% of the city's housing units. Other types of housing that are prevalent in North Little Rock include large apartment complexes or high rise apartments (15.87%), duplexes, homes converted to apartments, or other small apartment buildings (9.31%), row houses and other attached homes (1.99%), and a few mobile homes or trailers (1.93%).

The most prevalent building size and type in North Little Rock are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 53.28% owning, and 39.31% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Little Rock's housing was primarily built during this period, from the '40s through the '60s. A full 50.53% of the city's housing hails from this era. Other housing ages represented in North Little Rock include homes built between 1970-1994 (40.06%), and housing constructed from 1939 and earlier (6.45%). There's also some housing in North Little Rock built between 1995 and later (2.96%).

North Little Rock home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in North Little Rock, where house values have increased just 41.15%, which is an average annual increase of 4.11%. NeighborhoodScout's data show that in the latest quarter, North Little Rock house values appreciated 0.23%, which is an annualized rate of 0.92%. This rate is lower than the appreciation rate found in 60% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, North Little Rock home appreciation rates, at 1.44%, have been at or slightly above the national average. In the latest quarter, North Little Rock's appreciation rate has been 0.23%, which annualizes to a rate of 0.92%.

Relative to Arkansas, our data show that North Little Rock's latest annual appreciation rate is higher than 40% 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 North Little Rock differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North 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 North Little Rock real estate investment or home purchase decisions.