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 about Scout's Real Estate Data
With a population of 197,312, 81,369 total housing units (homes and apartments), and a median house value of $162,879, 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 63.10% of the city's housing units. Other types of housing that are prevalent in Little Rock include large apartment complexes or high rise apartments ( 27.12%), duplexes, homes converted to apartments or other small apartment buildings ( 6.31%), and a few mobile homes or trailers ( 1.90%).
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 55.08% owning and 44.92% 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 ( 28.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.73%). There's also some housing in Little Rock built before 1939 ( 7.71%).
Vacant housing appears to be an issue in Little Rock. Fully 14.99% 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'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 1.61%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Little Rock's appreciation rate, at 3.95%, has been at or slightly above the national average. In the latest quarter, Little Rock's appreciation rate has been 0.66%, which annualizes to a rate of 2.65%.
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 higher than 50% 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.
|$848,001 - $1,131,000||1.5|
|$566,001 - $848,000||3.3|
|$453,001 - $566,000||3.4|
|$340,001 - $453,000||8.3|
|$226,001 - $340,000||14.3|
|$113,001 - $226,000||34.1|
|$57,001 - $113,000||25.5|
|$0 - $57,000||8.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Little Rock HOMES|
|2000 or Newer||15.7|
|1970 - 1999||47.9|
|1940 - 1969||28.7|
|1939 or Older||7.7|
|TYPE OF Little Rock HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Little Rock HOMES|
|5 or more bedrooms||3.08|