The housing in Little Rock, AR (zip code 72204) is quite affordable compared to the national average. The median value of a home in the area is $108,700, which is considerably lower than the US house median value of $338,100. While the US has seen an appreciation rate of 8.27% over the past year, this has been surpassed by Little Rock's 11.15% appreciation rate. This indicates that now may be a great time to purchase property in Little Rock if you are looking for an affordable and appreciating market.
The median home cost in Little Rock (zip 72204) is $108,700. Home appreciation the last 10 years has been 48.6%. Home Appreciation in Little Rock (zip 72204) is up 11.9%.
Average Age of Homes
- The median age of Little Rock (zip 72204) real estate is 46 years old
The Rental Market in Little Rock (zip 72204)
- Renters make up 35.4% of the Little Rock (zip 72204) population
- 4.2% of houses and apartments in Little Rock (zip 72204), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.