Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,748 people, 1,115 houses or apartments, and a median cost of homes of $229,985, Little Flock real estate is some of the most expensive in Arkansas, although Little Flock home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Little Flock, accounting for 54.33% of the city's housing units. Other types of housing that are prevalent in Little Flock include single-family detached homes ( 37.24%), duplexes, homes converted to apartments or other small apartment buildings ( 6.93%), and a few mobile homes or trailers ( 1.18%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Little Flock is dominated by renter-occupied one, two, or no bedrooms apartments. 65.59% of Little Flock's dwellings are rentals.
There is a lot of housing in Little Flock built from 1970 to 1999 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 Flock built between 2000 and later ( 26.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.78%). There's also some housing in Little Flock built before 1939 ( 2.36%).
Vacant housing appears to be an issue in Little Flock. Fully 12.20% of the housing stock is classified as vacant. Left unchecked, vacant Little Flock homes and apartments can be a drag on the real estate market, holding Little Flock real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Little Flock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.74%, which ranks in the top 40% nationwide. This equates to an annual average Little Flock house appreciation rate of 0.65%.
Appreciation rates are so strong in Little Flock that despite a nationwide downturn in the housing market, Little Flock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Little Flock appreciation rates continue to be some of the highest in America, at 9.48%, which is higher than appreciation rates in 92.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Little Flock. Little Flock appreciation rates in the latest quarter were at 3.26%, which equates to an annual appreciation rate of 13.71%.
Importantly, this makes Little Flock one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arkansas, our data show that Little Flock's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.
|$937,001 - $1,249,000||0.2|
|$624,001 - $937,000||1.7|
|$499,001 - $624,000||3.1|
|$375,001 - $499,000||16.7|
|$250,001 - $375,000||18.8|
|$125,001 - $250,000||41.1|
|$63,001 - $125,000||13.0|
|$0 - $63,000||4.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Little Flock HOMES|
|2000 or Newer||26.2|
|1970 - 1999||67.6|
|1940 - 1969||3.8|
|1939 or Older||2.4|
|TYPE OF Little Flock HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Little Flock HOMES|
|5 or more bedrooms||2.76|