Real Estate Investing in Little Rock, Arkansas (72204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72204 (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: 15.2% of homes vacant — above national norms.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
- Lower household income: $38,581 median — tenant affordability is tighter.
What’s happening in Little Rock, AR (72204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 72204 Little Rock
ZIP 72204 in Little Rock, AR carries a significant set of headwinds. Home values near $123K and rents of $1,091/mo sit inside a market where underwriting has to be tight.
Put differently, the numbers look inviting — $123K purchase price, 0.0% nominal cap — the work to hit that pro forma in 72204 is substantial and deserves full respect.
Statewide comparisons place 72204 among AR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A solid renter share of 43% in 72204 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 72204 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 Little Rock:
Property Strategy for 72204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $79,395 | $1,190 | 10.8% | +8.9% | $39,697 |
| 3BR | $138,924 | $1,600 | 8.3% | +6.1% | $46,308 |
| 4BR | $189,433 | $1,890 | 7.2% | +6.0% | $47,358 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72204 Compare?
| Metric | 72204 | Little Rock | Little Rock-North Little Rock-Conway, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $123,255 | $268,834 | N/A | $216,341 |
| 5-Year CAGR | 4.1% | 3.8% | N/A | 5.7% |
| Avg Rent | $1,091 | $1,226 | N/A | - |
| Cap Rate | 6.9% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72204 (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 | $123,255 |
| Monthly Rent | $1,091 |
| Price-to-Rent | 9.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.6% |
| Cap Rate | 6.9% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.1% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.9%). 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 72204
Population: 31,219
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 72204
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
LITTLE ROCK HALL STEAM MAGNET HIGH SCHOOL
CLOVERDALE MIDDLE SCHOOL
PULASKI HEIGHTS MIDDLE SCHOOL
BRADY ELEMENTARY SCHOOL
EXALT ACADEMY OF SOUTHWEST LITTLE ROCK
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 1,664 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Little Rock, AR for real estate investors?
Our data puts Little Rock, AR at 3.0/5 for investability. Home prices of $123K and rents around $1,091/mo create a solid backdrop for investor activity.
What price range are homes in Little Rock, AR?
In Little Rock, AR the median home value sits at $123K. Against the broader AR market, that reads as reasonable for most investors.
Is vacancy a concern in Little Rock, AR?
Little Rock, AR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which real estate strategy fits Little Rock, AR?
Little Rock, AR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($123K prices, $1,091/mo rents) make it a reasonable choice.
What is the average monthly rent in Little Rock, AR?
The typical rental in Little Rock, AR commands about $1,091/mo monthly. That rent profile reliable cash flow against the $123K purchase basis.
You know 72204 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 72204 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 72204 ranks in Little Rock-North Little Rock-Conway, AR
Every ZIP in this metro, ranked. Free.
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