The housing market in Little Rock, AR is performing well, with the median value of houses exceeding $188,000. This amount is significantly lower than the US median value of $338,100 and yet the appreciation rate for houses in Little Rock over the past year has been even higher than the national rate at 11.12%. This suggests that investing in properties in Little Rock could be a good option as house values are rising quickly compared to other areas of the country.
The median home cost in Little Rock is $188,000. Home appreciation the last 10 years has been 48.7%. Home Appreciation in Little Rock is up 12.1%.
Average Age of Homes
- The median age of Little Rock real estate is 39 years old
The Rental Market in Little Rock
- Renters make up 36.2% of the Little Rock population
- 5.2% of houses and apartments in 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.