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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Little Rock, AR Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Little Rock, AR Housing Market Trends

With 202,864 people, 85,249 houses or apartments, and a median cost of homes of $231,358, 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 61.99% of the city's housing units. Other types of housing that are prevalent in Little Rock include large apartment complexes or high rise apartments ( 27.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.27%), and a few row houses and other attached homes ( 1.66%).

The most prevalent building size and type in Little Rock are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.89% owning and 46.11% renting.

There is a lot of housing in Little Rock 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 Rock built between 1940-1969 ( 28.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.41%). There's also some housing in Little Rock built before 1939 ( 7.81%).

Vacant housing appears to be an issue in Little Rock. Fully 13.64% of the housing stock is classified as vacant. Left unchecked, vacant Little Rock homes and apartments can be a drag on the real estate market, holding Little Rock 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.

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 4.66%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Little Rock's appreciation rate, at 5.65%, has been at or slightly above the national average. In the latest quarter, Little Rock's appreciation rate has been 2.84%, which annualizes to a rate of 11.85%.

Relative to Arkansas, our data show that Little Rock's latest annual appreciation rate is higher than 70% 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 2000, to assist you in making the best Little Rock real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$231,358

Little Rock, AR Home Prices
> $1,373,000
$1,029,001 - $1,373,000
$686,001 - $1,029,000
$549,001 - $686,000
$412,001 - $549,000
$274,001 - $412,000
$137,001 - $274,000
$68,001 - $137,000
$0 - $68,000
1.3%
1.3%
1.8%
1.8%
5.4%
5.4%
4.8%
4.8%
9.0%
9.0%
16.5%
16.5%
34.2%
34.2%
20.1%
20.1%
6.9%
6.9%
0% 100.0%
% of Homes
Very High

for Arkansas

Average

for nation

Number of Homes And Apartments:

85,249

Little Rock Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,597 / per month

Homeownership Rate

Owners
Renters
Vacant
53.9%
53.9%
46.1%
46.1%
13.6%
13.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.4%
19.4%
44.5%
44.5%
28.3%
28.3%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.0%
62.0%
1.7%
1.7%
7.3%
7.3%
27.4%
27.4%
1.6%
1.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.8%
3.8%
13.6%
13.6%
27.1%
27.1%
37.9%
37.9%
14.4%
14.4%
3.2%
3.2%
0% 100.0%
% of Homes