State: Arkansas
For several reasons, the Little Rock real estate market is booming. It's an affordable market with high demand for rental properties that offers residents a low cost of living and high quality of life. The market conditions keep real estate agents busy as homeowners and real estate investors rush to purchase properties.
Little Rock's affordability, appreciation, demand, and economy make it a great investment opportunity for any real estate investor.
and Fayetteville, AR (190 miles northwest). It offers residents natural beauty, a rich history, and a strong sense of community.
Real estate investors can find many turnkey single-family and multi-family housing in Little Rock's property listings. These properties have great potential for investors to earn immediate cash flow.
The Little Rock area is home to many great suburbs for investors. They include Benton, Conway, Jacksonville, North Little Rock, and Sherwood.
A few other areas worth noting are Cabot, a small, family-friendly city located 26 miles northeast of Little Rock; Hot Springs, home to Hot Springs National Park and Bathhouse Row; Maumelle, located 17 miles northwest of Little Rock and home to Lake Maumelle; and Midtown, a buzzing neighborhood that's home to the Little Rock Zoo, War Memorial Stadium, and plenty of restaurants and shops.
Little Rock's solid rental market creates a lot of demand for affordable rental properties. In fact, 44% of households in Little Rock are occupied by renters, and the city has a 1.2% vacancy rate.
According to Realtor, the median listing price in Little Rock is $125 per square foot with a median sale price of $224,900. Zillow's Home Value Index reports a 17.7% change since last year. The median rent in Little Rock is $987 per month.
Little Rock's strong rental market, affordability, and home price appreciation combine to make a great investment opportunity. A Little Rock rental property has the potential to yield significant returns for real estate investors and management companies.
Little Rock is the capital of Arkansas and the seat of Pulaski County. It's the largest city in Arkansas and has an annual population growth rate of around 2%.
Little Rock's primary industries are the federal government, state government, healthcare, and education. The largest employers are Little Rock Air Force Base, Arkansas Children's Hospital, Central Arkansas Veterans HealthCare System, and the Little Rock School District. The Little Rock area is also the headquarters of the Clinton Foundation, Delta Dental of Arkansas, and Bank OZK. These industries and employers provide jobs that fuel the city's economy and growth.
The Little Rock real estate market offers homebuyers, renters, and real estate investors affordability, demand, appreciation, and a stable economy
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