The housing market in Little Rock, AR (72227) is doing well. The median value of residences in this area is $246,300, significantly lower than the US house median value of $338,100. This makes housing in the area more accessible to potential buyers. Not only is this an attractive point for purchasers, but year-over-year appreciation for local homes has risen 11.15%, outpacing the national average of 8.27%. This indicates that buying a house in this area could be a good investment for homeowners.
The median home cost in Little Rock (zip 72227) is $246,300. Home appreciation the last 10 years has been 48.6%. Home Appreciation in Little Rock (zip 72227) is up 11.9%.
Average Age of Homes
- The median age of Little Rock (zip 72227) real estate is 41 years old
The Rental Market in Little Rock (zip 72227)
- Renters make up 32.2% of the Little Rock (zip 72227) population
- 5.3% of houses and apartments in Little Rock (zip 72227), 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.