North Little Rock, Arkansas Housing Market Prices
North 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.
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Median home price 12% above the Arkansas median$125,680
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Median rent 11% above the Arkansas median$1,056
Housing Market Overview
| Metric | North Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,680 | $111,957 | $248,835 |
| Price Trend (Annual %) | 6.4% | 3.4% | 7.5% |
| Median Gross Rent | $1,056 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Little Rock is about 12% higher than in Arkansas. Rent is about 11% 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 North Little Rock, up about 6.4% and 3.9% a year respectively. Home prices are changing faster.
Median rent in North Little Rock rose about 38.0% between 2015 and 2024, from $765 to $1,056. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in North Little Rock.
Buying the median-priced home in North Little Rock costs roughly 9.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in North Little Rock. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | North Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,680 | $111,957 | $248,835 |
| Median Household Income | $51,876 | $60,940 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Little Rock rose about 28.2%, while median household income rose about 30.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | North Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.7% | 57.4% | 58.5% |
| Rental Rate | 50.0% | 29.0% | 31.2% |
| Vacancy Rate | 9.4% | 13.5% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
North Little Rock has a homeownership rate of 40.7%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 9.4%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | North Little Rock | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.02 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1977 | 1987 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in North Little Rock was built around 1977. On average, 2.0 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in North Little Rock, Arkansas.
What is the median home price in North Little Rock, Arkansas?
The median home price in North Little Rock, Arkansas is $125,680, higher than the Arkansas average of $111,957.
What is the average home price in North Little Rock, Arkansas?
The typical home price in North Little Rock, Arkansas, reported as the median sale price, is $125,680. 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 North Little Rock, Arkansas?
The median gross rent in North Little Rock, Arkansas is $1,056 per month, higher than the Arkansas average of $947.
What was the median gross rent in North Little Rock in 2020?
In 2020, the median gross rent in North Little Rock, Arkansas was $859 per month.
What is the price-to-rent ratio in North Little Rock, Arkansas?
The price-to-rent ratio in North Little Rock, Arkansas is about 9.9, meaning it would take roughly 9.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in North Little Rock.
Are home prices or rent rising faster in North Little Rock, Arkansas?
Both home prices and rent are rising in North Little Rock, up about 6.4% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Little Rock, Arkansas?
40.7% of households in North Little Rock, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in North Little Rock, Arkansas?
The housing vacancy rate in North Little Rock, Arkansas is 9.4%, lower than the Arkansas average of 13.5%.
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