Little Rock-North Little Rock-Conway, AR housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$230,108+3.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$49,883About 0.7× the local median income ($70,681): affordable for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.8%Zillow expects prices to rise slightly
The typical home in Little Rock-North Little Rock-Conway, AR is worth $230,108, up 3.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $233,957, so the area is 1.6% undervalued. It is a buyer's market: homes take about 57 days to sell, listings are up 18% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 1.8% over the next year. A household needs about $49,883 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,681. Typical rent is $1,234 a month, or $1,426 for a house. In the latest IRS figures, 1,925 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$230,108
Change in 1 year
+3.7%
Overvalued %
−1.6%
Show 7 more
Fair home value
$233,957
Change in 5 years
+20.4%
Zillow forecast, next 12 months
+1.8%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,247
Income needed to afford it
$49,883
Property tax rate
0.65%
Rent and investing
Typical rent
$1,234
Typical rent for houses
$1,426
Price-to-rent ratio
15.5×
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HUD Fair Market Rent, 2 bedrooms
$1,116
Gross rental yield
6.43%
Cap rate (estimate)
4.18%
Market activity
Listings vs a year ago
+18.4%
Days on market
57
Listings with a price cut
20.5%
Show 3 more
Homes for sale
3,240
Pending sales per 100 listings
29
Asking price per sq ft
$156
People and jobs
Median household income
$70,681
Population change (1 year)
+0.6%
Unemployment rate
4.3%
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Population
777,607
Income adjusted for cost of living
$79,062
Net moves in (IRS)
+1,925
Cost of living (US = 100)
89.4
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
86.7
Unhealthy air days a year
4
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Flood risk score
84.2
Wildfire risk score
67.8
Walkability (1 to 20)
8.0
Road, rail and air noise
53 dB
Questions people ask
Is Little Rock-North Little Rock-Conway, AR overvalued?
Home prices in Little Rock-North Little Rock-Conway, AR are slightly below what local incomes have historically supported: fair value is about $233,957, so the area is 1.6% undervalued.
Is Little Rock-North Little Rock-Conway, AR a buyer's or seller's market?
Little Rock-North Little Rock-Conway, AR is a buyer's market: homes take about 57 days to sell, listings are up 18% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Little Rock-North Little Rock-Conway, AR?
Home values in Little Rock-North Little Rock-Conway, AR are up 3.7% over the last year. Zillow's forecast for the next 12 months is +1.8%.
How much do you need to earn to buy a home in Little Rock-North Little Rock-Conway, AR?
A household needs about $49,883 a year to afford the typical home in Little Rock-North Little Rock-Conway, AR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,681.