North Little Rock, AR—72117
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 $139,000, with a year-over-year change of -2.0%. This indicates that home prices in North Little Rock, AR are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | -2.0% |
| Single Family | $139,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $78,000 | -3.7% |
3 Bed | $174,000 | 1.8% |
4 Bed | $223,000 | 0.0% |
| 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 $1,060, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in North Little Rock, AR is studios: $850, 1-bedrooms: $598, 2-bedrooms: $831, 3-bedrooms: $1,180, 4-bedrooms: $1,510. The most common rental property sizes in North Little Rock, AR are 3-bedroom and 2-bedroom, accounting for 65.1% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,060 |
| Studio Rent | $850 | $850 |
| 1 Bed Rent | $595 | $598 |
| 2 Bed Rent | $850 | $831 |
| 3 Bed Rent | $1,100 | $1,180 |
| 4 Bed Rent | $1,500 | $1,510 |
% 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 78. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $128,000 | 2.0% |
Listing Count | 86 | 19.0% |
| Listings as % of Homes | 0.8% | 19.0% |
Days on Market | 78 | 12.0% |
Demographics — North Little Rock, AR
As of the latest ACS Survey released in 2023, North Little Rock, AR has a population of 14,300, which has remained stable by -0.4% over the past 5 years. North Little Rock, AR is a popular place for families, as children make up 28.3% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | -0.4% |
% Under 18 | 28.3% | 19.4% |
% Seniors | 14.5% | 9.8% |
% WFH | 10.8% | 151.2% |
% w/ College Degree | 27.7% | 78.7% |
As of the latest ACS Survey released in 2023, North Little Rock, AR is a predominantly black area, with 62.6% of the population identifying as black. The black population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in North Little Rock, AR is white, making up 23.8% of the population. Foreign-born residents account for 3.3% of the population in North Little Rock, AR, and this percentage has increased by 94.1% 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 | 23.8% | 2.1% |
% Black | 62.6% | -8.3% |
% Hispanic | 5.3% | 10.4% |
% Asian | 0.8% | -38.5% |
% Foreign Born | 3.3% | 94.1% |
Mortgage and Risk — North Little Rock, AR
According to HUD data as of 2023, there were 248 mortgage originations in North Little Rock, AR, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in North Little Rock, AR. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 248 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 18.9%. 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 | 363 |
Total Units Section 8 | 363 |
% Rentals under Section 8 | 18.9% |
% Occupied Section 8 | 80.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $345 | $595 | $940 |
| 2 Bedroom | $240 | $850 | $1,090 |
| 3 Bedroom | $350 | $1,100 | $1,450 |
| 4 Bedroom | $220 | $1,500 | $1,720 |
Affordability — North Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $139,000 |
| Median Household Income | $41,700 |