Real Estate Market Trends: Everything You Need to Know in Beautiful Little Rock

Real Estate Market Trends: Everything You Need to Know in Beautiful Little Rock

Real estate has become a popular avenue for people looking to diversify their income streams and potentially hedge against inflation. Whether you’re a seasoned pro or just getting started in investing, Little Rock, AR, is certainly worth considering.

The city of Little Rock has a deep connection with American history, and has grown into an urban nature haven for residents to enjoy. While the city center is full of plenty of shops, dining, and entertainment for locals to explore, there is an abundance of parks, trails, and greenspaces right outside their door. 

Affectionately referred to as “The Rock” by locals, Little Rock is located in the center of the state of Arkansas, along the Arkansas River. Proximity to the river as well as an abundance of state parks is what attracts people to the city the most.

But what about the Little Rock real estate market? What do stats and trends look like, especially right now? Facts and figures are constantly changing, so we’ve gathered all the most up-to-date information for you.

Here are some of the top trends for March 2024 in the Little Rock real estate market:

Little Rock General Statistics

  • Population (city proper): 203,106 (up .2% since 2019)

  • Population (metro area): 757,945 

  • Area (city proper): 102.2 sq. mi. 

  • Area (metro area): 4,083.8 sq. mi.

  • Median Age: 36.9 

  • GDP (metro area): $43.7 Billion

  • Unemployment rate (metro area): 3.2% (up .2% Since November 2023)

  • Top employers: Dillard’s, Welspun Group, Windstream, University of Arkansas System, University of Arkansas Medical Sciences, Longview Independent School District, Arkansas Department of Transportation, Little Rock School District, Dayspring Behavioral Health Services, and RLJ-McLarty-Landers Automotive Holdings, LLC.

  • Highest paying jobs: Anesthesiologist, Physician, Hospitalist Physician, Oral and Maxillofacial Surgeon, Pulmonologist, Cardiologist, Hospitalist, Nuclear Medicine Physician, Medical Director, Rheumatologist. 

  • Median income (per capita): $41,039

  • Median income (household): $55,065

Little Rock Real Estate Market Statistics

  • Neighborhoods: 61

  • Homes for sale as of March 2024: 864 

  • Median list price: $279K (up 3% since August 2023)

  • Median sold price: $195.5K (down 2% Since January 2024)

  • Sale-to-list price ratio: 100%

  • Median price per square foot: $143 

  • Median days on market: 43 (down 12% since December 2023)

  • Rental vacancy rate: 15.8%

  • Homeowner vacancy rate: 3.8%

  • One-year appreciation rate: -.2%

  • Average rent: $1,021 (up .2% since March 2023)

  • Price-to-rent ratio: 20

  • Most expensive neighborhoods:  


Average Monthly Rent 

Median Listing Price




Duquesne Place



Riverdale & Pulaski Heights



Aberdeen Court & Bayonne Place



Robinwood & River Lodge



  • Least expensive neighborhoods:


Median Monthly Rent 

Median Listing Price

Geyer Springs & Big Dickinson Lake



Wakefield & Upper Baseline 



West Baseline & Legion Hut



Community outreach & South End



East Little Rock & East Roosevelt



Final Thoughts: Little Rock Real Estate Market Trends in March 2024

The Little Rock real estate market is constantly changing and evolving. But the potential for investors to profit is near-constant. Whether you’re an experienced real estate investor or brand new to the industry, the Little Rock real estate market could provide ample opportunity to build your portfolio.

Get Started Buying Homes With Evernest

Whether you’re purchasing one Little Rock home or one hundred, you don’t have to go it alone. 

If you’re ready to buy your first (or next) investment property, here are three steps to get started today:

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