Midtown Little Rock, Little Rock, AR—72206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midtown Little Rock, Little Rock, AR
As of Oct '25, the median home price in Midtown Little Rock, Little Rock, AR is $127,000, with a year-over-year change of -3.5%. This indicates that home prices in Midtown Little Rock, Little Rock, AR are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | -3.5% |
| Single Family | $127,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $114,000 | -5.0% |
3 Bed | $151,000 | 1.3% |
4 Bed | $206,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midtown Little Rock, Little Rock, AR
As of July '25, Rentcast reports the average rent in Midtown Little Rock, Little Rock, AR is $1,120, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Midtown Little Rock, Little Rock, AR is studios: $862, 1-bedrooms: $1,070, 2-bedrooms: $1,050, 3-bedrooms: $1,140, 4-bedrooms: $1,450. The most common rental property sizes in Midtown Little Rock, Little Rock, AR are 3-bedroom and 2-bedroom, accounting for 37.8% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,120 |
| Studio Rent | $895 | $862 |
| 1 Bed Rent | $1,200 | $1,070 |
| 2 Bed Rent | $950 | $1,050 |
| 3 Bed Rent | $1,100 | $1,140 |
| 4 Bed Rent | $1,480 | $1,450 |
% of Rental Stock
Property Listings — Midtown Little Rock, Little Rock, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Midtown Little Rock, Little Rock, AR is 74. This is a increase of 45.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | 14.0% |
Listing Count | 90 | 12.0% |
| Listings as % of Homes | 0.6% | 12.0% |
Days on Market | 74 | 45.0% |
Demographics — Midtown Little Rock, Little Rock, AR
As of the latest ACS Survey released in 2023, Midtown Little Rock, Little Rock, AR has a population of 22,600, which has decreased by -2.2% over the past 5 years. Midtown Little Rock, Little Rock, AR is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,600 | -2.2% |
% Under 18 | 23.6% | 13.5% |
% Seniors | 18.7% | 2.2% |
% WFH | 6.2% | 138.5% |
% w/ College Degree | 19.7% | 26.3% |
As of the latest ACS Survey released in 2023, Midtown Little Rock, Little Rock, AR is a predominantly black area, with 48.2% of the population identifying as black. The black population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Midtown Little Rock, Little Rock, AR is white, making up 42.5% of the population. Foreign-born residents account for 1.3% of the population in Midtown Little Rock, Little Rock, AR, and this percentage has decreased by 27.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 42.5% | -5.6% |
% Black | 48.2% | -0.4% |
% Hispanic | 5.4% | 35.0% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 1.3% | -27.8% |
Mortgage and Risk — Midtown Little Rock, Little Rock, AR
According to HUD data as of 2023, there were 230 mortgage originations in Midtown Little Rock, Little Rock, AR, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Midtown Little Rock, Little Rock, AR. Investor activity is low, as 9.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 230 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Midtown Little Rock, Little Rock, AR
As of 2024, the percent of homes in Midtown Little Rock, Little Rock, AR under the Section 8 program is 27.9%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Midtown Little Rock, Little Rock, AR, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 794 |
Total Units Section 8 | 730 |
% Rentals under Section 8 | 27.9% |
% Occupied Section 8 | 79.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,200 | $860 |
| 2 Bedroom | $40 | $950 | $990 |
| 3 Bedroom | $210 | $1,100 | $1,310 |
| 4 Bedroom | $70 | $1,480 | $1,550 |
Affordability — Midtown Little Rock, Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $127,000 |
| Median Household Income | $49,100 |