Heights, Little Rock, AR—72204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Heights, Little Rock, AR
As of Nov '25, the median home price in Heights, Little Rock, AR is $121,000, with a year-over-year change of 0.5%. This indicates that home prices in Heights, Little Rock, AR are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $121,000 | 0.5% |
| Single Family | $121,000 | 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 | $81,000 | 0.0% |
3 Bed | $141,000 | 0.7% |
4 Bed | $194,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Heights, Little Rock, AR
As of July '25, Rentcast reports the average rent in Heights, Little Rock, AR is $1,180, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Heights, Little Rock, AR is studios: $1,120, 1-bedrooms: $749, 2-bedrooms: $882, 3-bedrooms: $1,330, 4-bedrooms: $1,350. The most common rental property sizes in Heights, Little Rock, AR are 2-bedroom and 3-bedroom, accounting for 44.3% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,180 |
| Studio Rent | $1,050 | $1,120 |
| 1 Bed Rent | $695 | $749 |
| 2 Bed Rent | $850 | $882 |
| 3 Bed Rent | $1,200 | $1,330 |
| 4 Bed Rent | $1,300 | $1,350 |
% of Rental Stock
Property Listings — Heights, Little Rock, AR
As of Nov '25, Realtor.com reports that the median days on market for a home in Heights, Little Rock, AR is 64. This is a increase of 19.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $127,000 | 0.0% |
Listing Count | 160 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 64 | 19.0% |
Demographics — Heights, Little Rock, AR
As of the latest ACS Survey released in 2023, Heights, Little Rock, AR has a population of 31,200, which has increased by 2.8% over the past 5 years. Heights, Little Rock, AR is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,200 | 2.8% |
% Under 18 | 20.5% | -16.3% |
% Seniors | 14.1% | 8.5% |
% WFH | 10.7% | 214.7% |
% w/ College Degree | 21.8% | 2.3% |
As of the latest ACS Survey released in 2023, Heights, Little Rock, AR is a predominantly black area, with 66.4% of the population identifying as black. The black population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Heights, Little Rock, AR is white, making up 18.2% of the population. Foreign-born residents account for 6.6% of the population in Heights, Little Rock, AR, and this percentage has increased by 32.0% 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 | 18.2% | -0.5% |
% Black | 66.4% | -8.4% |
% Hispanic | 11.9% | 67.6% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 6.6% | 32.0% |
Mortgage and Risk — Heights, Little Rock, AR
According to HUD data as of 2023, there were 318 mortgage originations in Heights, Little Rock, AR, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Heights, Little Rock, AR. Investor activity is low, as 11.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 318 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Heights, Little Rock, AR
As of 2024, the percent of homes in Heights, Little Rock, AR under the Section 8 program is 18.7%. 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 Heights, 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 | 1,208 |
Total Units Section 8 | 1,049 |
% Rentals under Section 8 | 18.7% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $695 | $920 |
| 2 Bedroom | $220 | $850 | $1,070 |
| 3 Bedroom | $230 | $1,200 | $1,430 |
| 4 Bedroom | $390 | $1,300 | $1,690 |
Affordability — Heights, Little Rock, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $121,000 |
| Median Household Income | $39,100 |