The housing market in Little Rock-North Little Rock-Conway, AR Metro Area is booming. The median home value of the area is $187,300, which is significantly lower than the US median home value of $338,100. Despite the difference in prices, the one-year appreciation rate for homes in this metro area is higher than the national average at 12.22%, compared to 8.27% nationally. With this strong appreciation rate and lower prices overall, Little Rock-North Little Rock-Conway offers a great opportunity for potential homeowners to take advantage of an affordable housing market with above average appreciation rates.
The median home cost in Little Rock-North Little Rock-Conway Metro Area is $187,300. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Little Rock-North Little Rock-Conway Metro Area is up 15.1%.
Average Age of Homes
- The median age of Little Rock-North Little Rock-Conway Metro Area real estate is 32 years old
The Rental Market in Little Rock-North Little Rock-Conway Metro Area
- Renters make up 30.4% of the Little Rock-North Little Rock-Conway Metro Area population
- 3.3% of houses and apartments in Little Rock-North Little Rock-Conway Metro Area, 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.