North Little Rock, AR—72116
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 $239,000, with a year-over-year change of 1.3%. This indicates that home prices in North Little Rock, AR are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $239,000 | 1.3% |
| Single Family | $240,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | 1.9% |
3 Bed | $221,000 | 2.3% |
4 Bed | $297,000 | 0.7% |
| 5 Bed | $366,000 | 1.1% |
% of Housing Stock
Rental Trends — North Little Rock, AR
As of July '25, Rentcast reports the average rent in North Little Rock, AR is $1,410, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in North Little Rock, AR is studios: $700, 1-bedrooms: $895, 2-bedrooms: $974, 3-bedrooms: $1,670, 4-bedrooms: $2,020. The most common rental property sizes in North Little Rock, AR are 2-bedroom and 1-bedroom, accounting for 47.4% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,410 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $830 | $895 |
| 2 Bed Rent | $850 | $974 |
| 3 Bed Rent | $1,500 | $1,670 |
| 4 Bed Rent | $1,700 | $2,020 |
% 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 48. This is a increase of 17.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 3.0% |
Listing Count | 133 | 46.0% |
| Listings as % of Homes | 0.4% | 46.0% |
Days on Market | 48 | 17.0% |
Demographics — North Little Rock, AR
As of the latest ACS Survey released in 2023, North Little Rock, AR has a population of 21,100, which has decreased by -5.6% over the past 5 years. North Little Rock, AR is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | -5.6% |
% Under 18 | 19.3% | -10.6% |
% Seniors | 24.2% | 48.5% |
% WFH | 9.4% | 203.2% |
% w/ College Degree | 42.4% | -4.3% |
As of the latest ACS Survey released in 2023, North Little Rock, AR is a predominantly white area, with 74.3% of the population identifying as white. The white population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in North Little Rock, AR is black, making up 16.2% of the population. Foreign-born residents account for 2.6% of the population in North Little Rock, AR, and this percentage has decreased by 7.1% 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 | 74.3% | 3.2% |
% Black | 16.2% | -16.1% |
% Hispanic | 3.1% | -26.2% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 2.6% | -7.1% |
Mortgage and Risk — North Little Rock, AR
According to HUD data as of 2023, there were 372 mortgage originations in North Little Rock, AR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in North Little Rock, AR. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 372 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
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 5.4%. 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 North 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 | 213 |
Total Units Section 8 | 213 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $830 | $920 |
| 2 Bedroom | $220 | $850 | $1,070 |
| 3 Bedroom | -$70 | $1,500 | $1,430 |
| 4 Bedroom | -$10 | $1,700 | $1,690 |
Affordability — North Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $239,000 |
| Median Household Income | $75,500 |