Little Rock, Arkansas

In Little Rock, Arkansas homes have a house median worth of $140,200. Houses in Little Rock have increased their value 3.5% in the last year. There is the prediction that within the following year, house values will increase 3.3 %.

$103 is the per square foot list median price in Little Rock. Little Rock Metro is lower with an average which is $97 per square foot list price.
In Little Rock, the presently listed price median of houses is $187,000. For homes that have sold, $163,100 is the price median.

Little Rock has a rent cost median of $950. The Metro Area of Little Rock has the same rent cost median which is $950. An important factor regarding the value of homes over the next few years is going to be the rate of foreclosures.

1.7 homes go through foreclosure for every 10,000 homes in Little Rock. Metro Little Rock has 1.0 homes that go through foreclosure for every 10,000 homes. And the United States has 1.6% of homes that go through foreclosure for every 10,000 homes.

There is a first step that occurs in the procedure of foreclosure. It is called mortgage delinquency. Mortgage delinquency is defined as the condition of a homeowner missing making a payment on a mortgage.

Little Rock has a 2.0% mortgage delinquency rate. This is a higher rate than the United States mortgage delinquency rate which is 1.6%.
The recession of 2008 caused a drop of more than 20% in the value of houses in the United States. As a result, a large number of owners of houses have their mortgages underwater.

When a homeowner is underwater on their mortgage, it means that they owe more on their mortgage than their house is worth. In Little Rock, 11.2% of owners of houses have their mortgages underwater. The metro area of Little Rock has a lower underwater rate of 11.0%.

The Little Rock Arkansas household median income is $46,409.