Chenal / Pleasant Ridge, Little Rock, AR—72207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chenal / Pleasant Ridge, Little Rock, AR
As of Oct '25, the median home price in Chenal / Pleasant Ridge, Little Rock, AR is $391,000, with a year-over-year change of 0.7%. This indicates that home prices in Chenal / Pleasant Ridge, Little Rock, AR are flat. 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 | $391,000 | 0.7% |
| Single Family | $400,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 0.0% |
3 Bed | $340,000 | -0.3% |
4 Bed | $740,000 | 0.1% |
| 5 Bed | $992,000 | 0.1% |
% of Housing Stock
Rental Trends — Chenal / Pleasant Ridge, Little Rock, AR
As of July '25, Rentcast reports the average rent in Chenal / Pleasant Ridge, Little Rock, AR is $1,470, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Chenal / Pleasant Ridge, Little Rock, AR is 1-bedrooms: $827, 2-bedrooms: $1,360, 3-bedrooms: $1,650, 4-bedrooms: $2,920. The most common rental property sizes in Chenal / Pleasant Ridge, Little Rock, AR are 2-bedroom and 1-bedroom, accounting for 37.5% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $827 |
| 2 Bed Rent | $1,320 | $1,360 |
| 3 Bed Rent | $1,650 | $1,650 |
| 4 Bed Rent | $2,200 | $2,920 |
% of Rental Stock
Property Listings — Chenal / Pleasant Ridge, Little Rock, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Chenal / Pleasant Ridge, Little Rock, AR is 66. This is a increase of 2.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -12.0% |
Listing Count | 78 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 66 | 2.0% |
Demographics — Chenal / Pleasant Ridge, Little Rock, AR
As of the latest ACS Survey released in 2023, Chenal / Pleasant Ridge, Little Rock, AR has a population of 10,700, which has increased by 5.3% over the past 5 years. Chenal / Pleasant Ridge, Little Rock, AR is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 69.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | 5.3% |
% Under 18 | 22.2% | 20.7% |
% Seniors | 19.5% | 15.4% |
% WFH | 10.5% | 54.4% |
% w/ College Degree | 69.2% | 5.0% |
As of the latest ACS Survey released in 2023, Chenal / Pleasant Ridge, Little Rock, AR is a predominantly white area, with 85.5% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Chenal / Pleasant Ridge, Little Rock, AR is black, making up 6.8% of the population. Foreign-born residents account for 1.8% of the population in Chenal / Pleasant Ridge, Little Rock, AR, and this percentage has decreased by 63.3% 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 | 85.5% | 3.3% |
% Black | 6.8% | -35.2% |
% Hispanic | 1.2% | -52.0% |
% Asian | 0.4% | -66.7% |
% Foreign Born | 1.8% | -63.3% |
Mortgage and Risk — Chenal / Pleasant Ridge, Little Rock, AR
According to HUD data as of 2023, there were 160 mortgage originations in Chenal / Pleasant Ridge, Little Rock, AR, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Chenal / Pleasant Ridge, Little Rock, AR. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Chenal / Pleasant Ridge, Little Rock, AR
As of 2024, the percent of homes in Chenal / Pleasant Ridge, Little Rock, AR under the Section 8 program is 6.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Chenal / Pleasant Ridge, Little Rock, AR, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $750 | $890 |
| 2 Bedroom | -$290 | $1,320 | $1,030 |
| 3 Bedroom | -$280 | $1,650 | $1,370 |
| 4 Bedroom | -$570 | $2,200 | $1,630 |
Affordability — Chenal / Pleasant Ridge, Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $391,000 |
| Median Household Income | $94,000 |