Southwest Little Rock, Little Rock, AR—72223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Little Rock, Little Rock, AR
As of Oct '25, the median home price in Southwest Little Rock, Little Rock, AR is $469,000, with a year-over-year change of 1.8%. This indicates that home prices in Southwest Little Rock, Little Rock, AR are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $469,000 | 1.8% |
| Single Family | $471,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $303,000 | -1.9% |
3 Bed | $391,000 | 1.6% |
4 Bed | $537,000 | 1.5% |
| 5 Bed | $757,000 | 1.7% |
% of Housing Stock
Rental Trends — Southwest Little Rock, Little Rock, AR
As of July '25, Rentcast reports the average rent in Southwest Little Rock, Little Rock, AR is $2,050, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Southwest Little Rock, Little Rock, AR is studios: $1,000, 1-bedrooms: $978, 2-bedrooms: $1,480, 3-bedrooms: $2,480, 4-bedrooms: $3,550. The most common rental property sizes in Southwest Little Rock, Little Rock, AR are 2-bedroom and 1-bedroom, accounting for 38.1% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,050 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $1,000 | $978 |
| 2 Bed Rent | $1,100 | $1,480 |
| 3 Bed Rent | $2,240 | $2,480 |
| 4 Bed Rent | $3,550 | $3,550 |
% of Rental Stock
Property Listings — Southwest Little Rock, Little Rock, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Little Rock, Little Rock, AR is 61. This is a decrease of -8.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | 18.0% |
Listing Count | 189 | 10.0% |
| Listings as % of Homes | 0.9% | 10.0% |
Days on Market | 61 | -8.0% |
Demographics — Southwest Little Rock, Little Rock, AR
As of the latest ACS Survey released in 2023, Southwest Little Rock, Little Rock, AR has a population of 25,700, which has increased by 9.0% over the past 5 years. Southwest Little Rock, Little Rock, AR is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 65.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | 9.0% |
% Under 18 | 21.3% | -7.0% |
% Seniors | 19.8% | 36.6% |
% WFH | 10.9% | 94.6% |
% w/ College Degree | 65.7% | 5.0% |
As of the latest ACS Survey released in 2023, Southwest Little Rock, Little Rock, AR is a predominantly white area, with 64.6% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Southwest Little Rock, Little Rock, AR is black, making up 18.5% of the population. Foreign-born residents account for 10.5% of the population in Southwest Little Rock, Little Rock, AR, and this percentage has increased by 6.1% 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 | 64.6% | -12.7% |
% Black | 18.5% | 25.9% |
% Hispanic | 3.6% | 44.0% |
% Asian | 9.6% | 33.3% |
% Foreign Born | 10.5% | 6.1% |
Mortgage and Risk — Southwest Little Rock, Little Rock, AR
According to HUD data as of 2023, there were 427 mortgage originations in Southwest Little Rock, Little Rock, AR, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Little Rock, Little Rock, AR. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 427 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Southwest Little Rock, Little Rock, AR
As of 2024, the percent of homes in Southwest Little Rock, Little Rock, AR under the Section 8 program is 0.3%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest Little Rock, Little Rock, AR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,000 | $1,110 |
| 2 Bedroom | $180 | $1,100 | $1,280 |
| 3 Bedroom | -$530 | $2,240 | $1,710 |
| 4 Bedroom | -$1,530 | $3,550 | $2,020 |
Affordability — Southwest Little Rock, Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $469,000 |
| Median Household Income | $99,100 |