Little Rock, AR
Pulaski County · Pop. 202,591
Ranked #13 of 243 cities
58Moderate
Median Home Price
🏠$190K
3.0% YoY
Median Rent
🔑$1,000
2.0% YoY
Median Income
💰$48K
Rent Burden
📊28.5%
% of income to rent
Income to Buy
🏦$55K
annual income needed
Income to Rent
📝$40K
annual income needed
Price-to-Income
⚖️4.0x
Homeownership
🏡54.0%
Rent vs. Buy
Buy
$1,011/mo
Est. mortgage (7%, 20% down)
Need $55K/yr income
Rent
$1,000/mo
Median rent
Need $40K/yr income
How Little Rock Compares
| Metric | Little Rock | Arkansas | National |
|---|---|---|---|
| Home Price | $190K | $196K | $410K |
| Rent | $1,000 | $933 | $1,500 |
| Income | $48K | $59K | $75K |
| Rent Burden | 28.5% | 27.8% | 30.0% |
Key Takeaways
- • Home prices in Little Rock are 54% lower than the national average.
- • Rent is 33% lower than the national average.
- • You need an income of $55K to comfortably buy a home here.
- • The homeownership rate is 54.0%, compared to 65.0% nationally.