The story of this market
The typical home in North Little Rock, Arkansas sells for about $205,000, or $135 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $995 a month.
Monthly price momentum
Home values since 2015
+2.7%
AR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
North Little Rock, Arkansas
The North Little Rock housing market remains stable, characterized by steady demand and a balanced inventory level. While price growth has been modest, the city's affordability relative to the broader metro area continues to attract buyers. Market conditions are driven by consistent local employment and ongoing urban revitalization efforts.
No ARED county foreclosure postings attributed to North Little Rock yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 20.3% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A premier multi-use trail system that connects North Little Rock to Little Rock, offering scenic views and extensive recreational access along the riverfront.
A historic downtown area featuring a vibrant mix of restaurants, galleries, and entertainment venues that serve as a cultural anchor for the city.
One of the largest municipal parks in the United States, offering golf courses, sports fields, camping, and extensive hiking trails for residents.
North Little Rock is well-suited for family buyers seeking affordable housing options, as well as commuters who benefit from its central location within the metro area. The city also attracts investors looking for stable rental yields and individuals who appreciate the blend of urban amenities and suburban living. Its diverse housing stock accommodates a range of budgets, making it an accessible entry point for first-time homebuyers.
The North Little Rock School District serves the majority of the city, offering a range of educational programs from early childhood through high school. While some schools have faced challenges with performance metrics, the district has implemented various initiatives to improve student outcomes and graduation rates. Families often evaluate specific school zones as performance can vary by campus.
North Little Rock is served by major highway corridors including I-30 and I-40, facilitating regional connectivity and commuting. Public transit options are available through the regional bus system, which provides access to key employment hubs in the metro area. The city's infrastructure is designed to support both vehicular traffic and increasing pedestrian and cycling activity.
North Little Rock offers a diverse amenity base, highlighted by the Arkansas River Trail, which provides extensive opportunities for walking, cycling, and outdoor recreation. The city is home to the North Little Rock Riverfront Park and the historic Argenta Arts District, which features a variety of dining, shopping, and entertainment venues. Residents also have access to numerous community parks, sports complexes, and golf courses that enhance the local quality of life.
The rental market in North Little Rock is characterized by steady demand, particularly for multi-family units and single-family homes in established neighborhoods. Rent trajectories have remained relatively stable, though vacancy pressure can fluctuate based on the specific submarket and property type. Investor interest remains active, with a mix of long-term rentals and some short-term rental activity in proximity to the downtown and entertainment districts.
The economy of North Little Rock is anchored by a diverse mix of healthcare, manufacturing, and government services. The city benefits from its proximity to the state capital, which drives employment in public administration and professional services. Ongoing economic development initiatives continue to attract new businesses and support local entrepreneurship.
North Little Rock benefits from its strategic location in the Little Rock metro area, with ongoing economic development efforts focused on revitalizing the downtown and riverfront areas. Major employers include healthcare, government, and manufacturing sectors, which provide a stable economic foundation. Infrastructure projects, including road improvements and utility upgrades, are consistently prioritized to support residential and commercial expansion.
The city has a robust planning pipeline focused on urban infill and the revitalization of older commercial corridors. Major projects include mixed-use developments in the downtown area and infrastructure improvements to support long-term growth. These efforts are aimed at increasing density and enhancing the overall aesthetic and functional appeal of the city.
Parcels in North Little Rock are subject to various special districts, including school districts, fire protection districts, and potential improvement districts for infrastructure maintenance. These districts are managed at the county or municipal level and are reflected in the annual property tax assessments for each property.
North Little Rock experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern. Local law enforcement actively monitors trends, and safety varies significantly by neighborhood. Residents are encouraged to utilize community policing resources and stay informed through local crime mapping tools.
The city is situated in a region prone to severe weather, including thunderstorms and occasional tornado risks, necessitating robust homeowners insurance coverage. Parts of the city near the Arkansas River are located within designated flood zones, requiring residents to assess individual property risk and consider flood insurance. The overall climate posture is typical for Central Arkansas, with moderate wildfire risk.
The property insurance market in North Little Rock is influenced by regional weather patterns, including risks associated with severe storms and flooding. Premiums are generally competitive but can vary based on property location, age, and specific hazard exposure. Homeowners are advised to maintain comprehensive coverage to mitigate risks associated with the local climate.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arkansas) — Arkansas Disabled Veteran Total Property Tax Exemption: Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00. State (Arkansas) — Arkansas Senior and Disabled Assessment Freeze: Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. State (Arkansas) — Arkansas State Homestead Property Tax Credit: Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). State (Arkansas) — Arkansas Amendment 79 Assessment Growth Caps (Assessment Limitation): Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches… State (Arkansas) — Arkansas Ad Valorem Property Tax Assessment Ratio and Valuation: Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau ACS profiles for North Little Rock city, Arkansas.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Real property is assessed at 20% of its full and fair market value. The county assessor conducts cyclical reappraisals to ensure assessments reflect current market value as required by state law.
Arkansas Code § 26-26-1902; Arkansas Constitution Article 16, Section 5(a)
The Pulaski County Quorum Court levies an annual millage rate on the assessed value (20% of market value) of real property. The total tax bill is a composition of county, school district, municipal, and special district millage rates voted on locally.
Pulaski County Quorum Court 2025 Budget Ordinance
applies when — Parcels located within the boundaries of a recorded municipal, suburban, or fire improvement district.
Parcels are subject to additional assessments (flat fee, per acre, or per structure) to fund district-specific infrastructure or services. Delinquent assessments incur specific penalties and costs as defined by the district's governing ordinance.
Arkansas Code Act 210 of 2011; Act 359 of 2021
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.