Real Estate Investing in North Little Rock, Arkansas (72116)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72116 (North Little Rock, AR)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in North Little Rock, AR (72116)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 72116 North Little Rock
This part of Pulaski County is not an easy win. The 72116 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,147/mo on a $254K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 72116 sits below the stated 0.0% once reality is priced in.
In the broader AR picture, 72116 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 72116 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 72116 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in North Little Rock:
Property Strategy for 72116
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,762 | $1,170 | 5.3% | +5.6% | $79,881 |
| 3BR | $220,667 | $1,570 | 5.1% | +6.4% | $73,556 |
| 4BR | $297,131 | $1,860 | 4.5% | +5.8% | $74,283 |
| 5BR | $366,088 | — | — | +5.5% | $73,218 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72116 Compare?
| Metric | 72116 | North Little Rock | Little Rock-North Little Rock-Conway, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $254,046 | $104,976 | N/A | $216,341 |
| 5-Year CAGR | 4.5% | 3.9% | N/A | 5.7% |
| Avg Rent | $1,147 | $1,135 | N/A | - |
| Cap Rate | 3.5% | 6.5% | - | - |
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 72116 (North Little Rock, AR). Anonymous, moderated, never written by AI.
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Property managers serving Pulaski County
Manage rentals here? List your business →Solid Rock Property Management, LLC offers professional and affordable property management services for Central Arkansas, focusing on excellent customer service. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $254,046 |
| Monthly Rent | $1,147 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 72116
Population: 21,090
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 72116
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
NORTH LITTLE ROCK CENTER OF EXCELLENCE
NORTH LITTLE ROCK HIGH SCHOOL
SEVENTH STREET ELEM. SCHOOL
BOONE PARK ELEMENTARY SCHOOL
PIKE VIEW EARLY CHILDHOOD CENTER
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 1,907 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in North Little Rock, AR?
Vacancy in North Little Rock, AR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,147/mo.
How much does a house cost in North Little Rock, AR?
North Little Rock, AR home values average about $254K. That price point suits investors targeting rentals with $1,147/mo in monthly income.
What is the average monthly rent in North Little Rock, AR?
Average rent in North Little Rock, AR is approximately $1,147/mo per month. Against $254K home values that yields a reasonable rent-to-price ratio.
What real estate strategy is ideal for North Little Rock, AR?
Investors usually favor careful cash-flow rentals with hands-on management in North Little Rock, AR. With home values at $254K and rents near $1,147/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is North Little Rock in AR worth investing in?
The 3.0/5 investability rating in North Little Rock, AR reflects its $254K prices and $1,147/mo rents. Investors generally consider it a solid option within AR.
You know 72116 now. You don’t know where it ranks.
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How 72116 ranks in Little Rock-North Little Rock-Conway, AR
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