There are currently 68,481 real estate properties in Little Rock, AR, with a median automated valuation model (AVM) price of $198,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Little Rock, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Little Rock, AR, is $268,679.00, with the most expensive house in Little Rock, AR, topping out at $16,867,400.00 and the cheapest home in Little Rock, AR, clocking in at $11,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Little Rock, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Little Rock, AR, is on a rollercoaster ride. The average rent price in Little Rock, AR, is $1,354.00. Indeed, when looking to rent in Little Rock, AR, you can expect to pay as little as $540.00 or as much as $3,640.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Little Rock, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Little Rock, AR area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Little Rock, AR and much more. Save thousands at closing with home foreclosure listings in Little Rock, AR — up to 75% off market value!
Little Rock is located in Pulaski, Arkansas, with an estimated municipal population of 197,312 residents. All of the best foreclosed homes for sale in Little Rock are located in the following zip code areas on Foreclosure.com: 72211 72210 72212 72223 72209 72202 72201 72206 72207 72204 72205 72103 72227 72215 72217 72219 72222 72225 72231 72255 72260 72295. The estimated population per square kilometer (.62 miles) in Little Rock is 634.
So, about how much do homes cost in Little Rock? The most recent median value of resident-owned homes in Little Rock is 167,689. An estimated 55.3 percent of households in Little Rock own their homes, with an average family size of 3.14. The median household income in Little Rock is 51,485, with24.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Little Rock, the median commute time of resident workers (in minutes) is 18.6. And last, but certainly not least, are you looking for homes to rent in Little Rock? If so, the average rent price paid by renters in Little Rock is 872, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Little Rock, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Little Rock is 36.7, split between 48 percent male versus 52 female. The percentage of residents who report being married in Little Rock is 39.9, with an average family size of 3.14.
The percentage of residents who report their race in Little Rock is as follows:
|Black / African American||42%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Little Rock? Or maybe you are searching for 55+ active adult communities in and/or near Little Rock?
The percentage of residents who report their age in Little Rock is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Little Rock with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Little Rock.
How do you know that living in -- or moving to -- Little Rock is right where you need to be? Perhaps you grew up in Little Rock or already live nearby; therefore, the decision to buy a home in Little Rock is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Little Rock for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Little Rock:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Little Rock.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Little Rock can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Little Rock, meanwhile, can field multiple offers from more qualified buyers.
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