Real Estate Investing in North Little Rock, Arkansas (72117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72117 (North Little Rock, 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.
- High vacancy: 16.9% of homes vacant — above national norms.
- Elevated poverty: 21.8% poverty rate — can affect rent collection.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
- Lower household income: $38,438 median — tenant affordability is tighter.
What’s happening in North Little Rock, AR (72117)?
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Market Analysis: 72117 North Little Rock
This part of Pulaski County is not an easy win. The 72117 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 72117 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 72117 sits on the difficult end of the AR spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 72117 ZIP's population of 14,339 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 72117 is an operator game, not a passive one. Looking more closely, entry prices of $152K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Little Rock:
Property Strategy for 72117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $77,609 | $1,230 | 11.4% | +10.5% | $38,804 |
| 3BR | $174,136 | $1,650 | 6.8% | +7.7% | $58,045 |
| 4BR | $222,907 | $1,950 | 6.3% | +5.5% | $55,727 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72117 Compare?
| Metric | 72117 | North Little Rock | Little Rock-North Little Rock-Conway, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $152,448 | $104,976 | N/A | $216,341 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 5.7% |
| Avg Rent | $1,137 | $1,135 | N/A | - |
| Cap Rate | 5.8% | 6.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72117 (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 | $152,448 |
| Monthly Rent | $1,137 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | -5.1% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). 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 72117
Population: 14,339
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 72117
Schools in This ZIP Code
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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
Frequently Asked Questions
Do landlords face vacancy issues in North Little Rock, AR?
Expect elevated vacancy in North Little Rock, AR. Rents at $1,137/mo are absorbed by the tenant base without meaningful lag.
What is the median home value in North Little Rock, AR?
Typical homes in North Little Rock, AR go for around $152K. The 5-year CAGR of 0.0% predictable price movement.
Which real estate strategy fits North Little Rock, AR?
The best-fit strategy in North Little Rock, AR is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does North Little Rock, AR favor landlords or tenants?
Rental owners in North Little Rock, AR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are rents high in North Little Rock, AR?
Rents in North Little Rock, AR run near $1,137/mo. Compared with median home prices of $152K that produces solid gross yields for typical rentals.
You know 72117 now. You don’t know where it ranks.
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How 72117 ranks in Little Rock-North Little Rock-Conway, AR
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