North Little Rock, AR is an area that has seen a steady increase in housing median value over the past year. The current median value for houses in the area is $153,500, which is significantly lower than the US house median of $338,100. Despite this difference in values however, North Little Rock has experienced a greater appreciation rate of 9.77%, compared to the US average of 8.27%. This suggests that the market in North Little Rock is growing faster than the rest of the country and may be a great option for potential home buyers looking for an affordable and appreciating market.
The median home cost in North Little Rock is $153,500. Home appreciation the last 10 years has been 52.4%. Home Appreciation in North Little Rock is up 18.8%.
Average Age of Homes
- The median age of North Little Rock real estate is 45 years old
The Rental Market in North Little Rock
- Renters make up 39.5% of the North Little Rock population
- 5.4% of houses and apartments in North Little Rock, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.