Little Rock, Arkansas Housing Market Prices
Little Rock Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 137% above the Arkansas median$265,717
-
Median rent 15% above the Arkansas median$1,093
Housing Market Overview
| Metric | Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,717 | $111,957 | $248,835 |
| Price Trend (Annual %) | 12.5% | 3.4% | 7.5% |
| Median Gross Rent | $1,093 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Little Rock is about 137% higher than in Arkansas. Rent is about 15% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Little Rock, up about 12.5% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Little Rock rose about 40.3% between 2015 and 2024, from $779 to $1,093. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Little Rock.
Buying the median-priced home in Little Rock costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Little Rock. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,717 | $111,957 | $248,835 |
| Median Household Income | $62,334 | $60,940 | $80,455 |
| Price-to-Income Ratio | 4.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Little Rock rose about 125.6%, while median household income rose about 43.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.3% | 57.4% | 58.5% |
| Rental Rate | 40.6% | 29.0% | 31.2% |
| Vacancy Rate | 12.2% | 13.5% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Little Rock has a homeownership rate of 47.3%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 12.2%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1978 | 1987 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Little Rock was built around 1978. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Little Rock, Arkansas.
What is the median home price in Little Rock, Arkansas?
The median home price in Little Rock, Arkansas is $265,717, higher than the Arkansas average of $111,957.
What is the average home price in Little Rock, Arkansas?
The typical home price in Little Rock, Arkansas, reported as the median sale price, is $265,717. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Little Rock, Arkansas?
The median gross rent in Little Rock, Arkansas is $1,093 per month, higher than the Arkansas average of $947.
What was the median gross rent in Little Rock in 2020?
In 2020, the median gross rent in Little Rock, Arkansas was $886 per month.
What is the price-to-rent ratio in Little Rock, Arkansas?
The price-to-rent ratio in Little Rock, Arkansas is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Little Rock.
Are home prices or rent rising faster in Little Rock, Arkansas?
Both home prices and rent are rising in Little Rock, up about 12.5% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Little Rock, Arkansas?
47.3% of households in Little Rock, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Little Rock, Arkansas?
The housing vacancy rate in Little Rock, Arkansas is 12.2%, lower than the Arkansas average of 13.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →