Little Rock, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Little Rock, AR Real Estate Data

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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Little Rock Housing Market Information

With a population of 198,606, 80,287 total housing units (homes and apartments), and a median house value of $153,986, house prices in Little Rock are solidly below the national average.

Single-family detached homes are the single most common housing type in Little Rock, accounting for 63.64% of the city's housing units. Other types of housing that are prevalent in Little Rock include large apartment complexes or high rise apartments ( 26.71%), duplexes, homes converted to apartments or other small apartment buildings ( 5.96%), and a few mobile homes or trailers ( 2.16%).

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 55.21% owning and 44.79% 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 ( 27.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.88%). There's also some housing in Little Rock built before 1939 ( 6.88%).

Vacant housing appears to be an issue in Little Rock. Fully 15.48% 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 0.40%, which is lower than 70% of US communities.

Over the last year, Little Rock appreciation rates have trailed the rest of the nation. In the last twelve months, Little Rock's appreciation rate has been -0.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Little Rock were at -1.62%, which equates to an annual appreciation rate of -6.33%.

Notably, Little Rock's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Little Rock's latest annual appreciation rate is lower than 90% 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:
$153,986

Little Rock, AR HOME PRICES

Value Range
> $1,072,000 1.1
$804,001 - $1,072,000 1.1
$536,001 - $804,000 3.0
$429,001 - $536,000 3.5
$321,001 - $429,000 7.7
$214,001 - $321,000 14.4
$107,001 - $214,000 33.7
$54,001 - $107,000 25.8
$0 - $54,000 9.6

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
55.1591240875912 15.4385964912281

Number Of Homes And Apartments:
80,287

Little Rock Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
45.80% 1.98%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,045 / per month

Homeownership Rate

Homeownership
Owners 55.21
Renters 44.79
Vacant 15.48

Housing Market Details

 

Age of Homes

AGE OF Little Rock HOMES
2000 or Newer 14.9
1970 - 1999 50.3
1940 - 1969 28.0
1939 or Older 6.9

Types of Homes

TYPE OF Little Rock HOMES
Single-Family 63.6
Townhomes 1.5
Small Apt. Buildings 6.0
Apt. Complexes 26.7
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Little Rock HOMES
No Bedroom 2.37
1 Bedroom 12.65
2 Bedrooms 27.74
3 Bedrooms 40.72
4 Bedrooms 13.83
5 or more bedrooms 2.68