Real Estate Investing in North Little Rock, Arkansas (72118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72118 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
What’s happening in North Little Rock, AR (72118)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 72118 North Little Rock
Not every below-median market is a bargain. North Little Rock's 72118 ZIP stands at signals that favor experienced operators who can absorb the risk $135K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 72118 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in North Little Rock have seen price recovery that 72118 has not matched. Pulaski County data supports the view that the spread is structural rather than temporary.
Employment concentration in 72118 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to 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 North Little Rock:
Property Strategy for 72118
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $91,402 | $1,130 | 8.9% | +7.7% | $45,701 |
| 3BR | $139,429 | $1,520 | 7.8% | +6.1% | $46,476 |
| 4BR | $180,355 | $1,800 | 7.2% | +5.8% | $45,089 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72118 Compare?
| Metric | 72118 | North Little Rock | Little Rock-North Little Rock-Conway, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $134,884 | $104,976 | N/A | $216,341 |
| 5-Year CAGR | 3.6% | 3.9% | N/A | 5.7% |
| Avg Rent | $1,091 | $1,135 | N/A | - |
| Cap Rate | 6.3% | 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 72118 (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 | $134,884 |
| Monthly Rent | $1,091 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | -11.1% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 72118
Population: 23,540
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 72118
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
CSTP CIVILIAN STUDENT TRAINING PROGRAM
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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
Investor Insight: With 5,439 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in North Little Rock, AR?
The typical rental in North Little Rock, AR commands about $1,091/mo monthly. That rent profile measured cash flow against the $135K purchase basis.
Are renters plentiful in North Little Rock, AR?
The tenant pool in North Little Rock, AR is solid, supported by local employment and population fundamentals. Rents of $1,091/mo are well-absorbed by the market.
Does a duplex house hack pencil in North Little Rock, AR?
House hacking in North Little Rock, AR is reasonable to execute. Prices around $135K and rents of $1,091/mo solid owner-occupant economics.
Are eviction rules reasonable in North Little Rock, AR?
North Little Rock, AR operates under AR law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the typical home price in North Little Rock, AR?
Median home price in North Little Rock, AR is near $135K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 72118 now. You don’t know where it ranks.
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How 72118 ranks in Little Rock-North Little Rock-Conway, AR
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