Real Estate Investing in Alexander, Arkansas (72002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72002 (Alexander, AR)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
What’s happening in Alexander, AR (72002)?
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Market Analysis: 72002 Alexander
ZIP 72002 inside Saline County looks affordable on the surface — median value of $251K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $251K asset, 72002 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 72002 among AR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 12% in 72002 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Alexander:
Property Strategy for 72002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $222,919 | $1,500 | 4.8% | +6.9% | $74,306 |
| 4BR | $359,094 | $1,780 | 3.6% | +6.7% | $89,774 |
| 5BR | $570,968 | — | — | — | $114,194 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72002 Compare?
| Metric | 72002 | Alexander | Little Rock-North Little Rock-Conway, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $251,322 | $251,322 | N/A | $216,341 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 5.7% |
| Avg Rent | $1,635 | $1,635 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72002 (Alexander, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,322 |
| Monthly Rent | $1,635 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 72002
Population: 21,386
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 72002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,196 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Alexander, AR?
In Alexander, AR the robust play is typically careful cash-flow rentals with hands-on management. The combination of $251K prices and $1,635/mo rents suits that approach.
Is Alexander, AR a friendly market for rental owners?
The landlord environment in Alexander, AR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Where do rents currently stand in Alexander, AR?
Alexander, AR rentals go for roughly $1,635/mo a month. That puts gross yield in solid territory relative to $251K acquisition costs.
Can I live-in-and-rent in Alexander, AR?
House hacking works a challenging in Alexander, AR. Rents of $1,635/mo against $251K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Alexander, AR?
Tenant demand in Alexander, AR is solid. The local workforce $1,635/mo rents across most rental classes.
You know 72002 now. You don’t know where it ranks.
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How 72002 ranks in Little Rock-North Little Rock-Conway, AR
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