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These days, finding an affordable place to live in the Little Rock area can be challenging. Home prices in Little Rock are now at a median cost of $69,200, lower than the Minnesota average of $345,793.
The average cost of rent is $474/mo in Little Rock, primarily driven by the current value of real estate in the Little Rock area. In Little Rock, 14.90% of households rent, and 70.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Little Rock is $4,445 per month. Households that rent pay about 10.66% of their income on rent here. Little Rock’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Red Lake, MN: higher priced homes
- Debs, MN: higher priced homes
- Redby, MN: higher priced homes
- Puposky, MN: higher priced homes
- Aure, MN: higher priced homes
- Ponemah, MN: higher priced homes
- Nebish, MN: higher priced homes
- Leonard, MN: higher priced homes
- Pinewood, MN: higher priced homes
- Quiring, MN: higher priced homes
Cities with Similar Populations
- Holland, KS: higher priced homes
- Thackeray, IL: higher priced homes
- Tesuque, NM: higher priced homes
- Ten Mile, MO: higher priced homes
- Taylortown, OH: higher priced homes
- Tateville, KY: higher priced homes
- Taopi, MN: higher priced homes
- Stronghope, MS: higher priced homes
- Ingleside, MD: higher priced homes
- Ingersoll, OK: higher priced homes
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