North Little Rock, AR—72114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Little Rock, AR
As of Oct '25, the median home price in North Little Rock, AR is $84,000, with a year-over-year change of -14.8%. This indicates that home prices in North Little Rock, AR are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $84,000 | -14.8% |
| Single Family | $84,000 | -15.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $76,000 | -13.6% |
3 Bed | $105,000 | -7.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Little Rock, AR
As of July '25, Rentcast reports the average rent in North Little Rock, AR is $960, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in North Little Rock, AR is studios: $948, 1-bedrooms: $835, 2-bedrooms: $916, 3-bedrooms: $1,060, 4-bedrooms: $1,350. The most common rental property sizes in North Little Rock, AR are 2-bedroom and 1-bedroom, accounting for 43.9% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $960 |
| Studio Rent | $700 | $948 |
| 1 Bed Rent | $700 | $835 |
| 2 Bed Rent | $795 | $916 |
| 3 Bed Rent | $1,000 | $1,060 |
| 4 Bed Rent | $1,450 | $1,350 |
% of Rental Stock
Property Listings — North Little Rock, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in North Little Rock, AR is 70. This is a decrease of -45.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $111,000 | 14.0% |
Listing Count | 49 | -36.0% |
| Listings as % of Homes | 0.5% | -36.0% |
Days on Market | 70 | -45.0% |
Demographics — North Little Rock, AR
As of the latest ACS Survey released in 2023, North Little Rock, AR has a population of 10,500, which has decreased by -11.8% over the past 5 years. North Little Rock, AR is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | -11.8% |
% Under 18 | 21.6% | -24.5% |
% Seniors | 14.7% | 14.8% |
% WFH | 4.6% | 58.6% |
% w/ College Degree | 19.3% | 48.5% |
As of the latest ACS Survey released in 2023, North Little Rock, AR is a predominantly black area, with 70.4% of the population identifying as black. The black population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in North Little Rock, AR is white, making up 23.1% of the population. Foreign-born residents account for 3.4% of the population in North Little Rock, AR, and this percentage has increased by 21.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 23.1% | 16.7% |
% Black | 70.4% | -2.1% |
% Hispanic | 4.5% | 2.3% |
% Asian | 1.0% | 400.0% |
% Foreign Born | 3.4% | 21.4% |
Mortgage and Risk — North Little Rock, AR
According to HUD data as of 2023, there were 90 mortgage originations in North Little Rock, AR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in North Little Rock, AR. Investor activity is high, as 30.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 30.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — North Little Rock, AR
As of 2024, the percent of homes in North Little Rock, AR under the Section 8 program is 43.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Little Rock, AR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,650 |
Total Units Section 8 | 1,639 |
% Rentals under Section 8 | 43.5% |
% Occupied Section 8 | 79.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $700 | $860 |
| 2 Bedroom | $195 | $795 | $990 |
| 3 Bedroom | $310 | $1,000 | $1,310 |
| 4 Bedroom | $100 | $1,450 | $1,550 |
Affordability — North Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $84,000 |
| Median Household Income | $28,600 |