Real Estate Investing in Little Rock, Arkansas (72223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72223 (Little Rock, AR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.6 — hard to cash-flow at these prices.
What’s happening in Little Rock, AR (72223)?
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Market Analysis: 72223 Little Rock
This part of Pulaski County is not an easy win. The 72223 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $482K asset, 72223 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within AR, ZIP 72223 trails on several market indicators that neighboring Pulaski County submarkets outperform. The gap is real and durable enough to shape underwriting.
Employment concentration in 72223 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 72223 is an operator game, not a passive one. Meanwhile, entry prices of $482K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Little Rock:
Property Strategy for 72223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $303,272 | $1,410 | 3.3% | +4.9% | $151,636 |
| 3BR | $391,357 | $1,890 | 3.5% | +6.1% | $130,452 |
| 4BR | $537,222 | $2,240 | 3.0% | +6.3% | $134,305 |
| 5BR | $757,241 | — | — | +6.5% | $151,448 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72223 Compare?
| Metric | 72223 | Little Rock | Little Rock-North Little Rock-Conway, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $482,423 | $268,834 | N/A | $216,341 |
| 5-Year CAGR | 4.6% | 3.8% | N/A | 5.7% |
| Avg Rent | $1,233 | $1,226 | N/A | - |
| Cap Rate | 2.0% | 4.3% | - | - |
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 72223 (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 | $482,423 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 32.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +0.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 72223
Population: 25,706
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 72223
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 7,103 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Little Rock, AR?
The typical rental in Little Rock, AR commands about $1,233/mo monthly. That rent profile even-keeled cash flow against the $482K purchase basis.
Is Little Rock, AR landlord-friendly?
AR law landlord-friendly for landlords, and Little Rock inherits those rules. Investors should still review local ordinances for rental licensing.
What investment strategy works best in Little Rock, AR?
Most investors in Little Rock, AR run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Can owner-occupants cash flow in Little Rock, AR?
Little Rock, AR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $482K price point reasonable to enter.
Do rentals sit vacant long in Little Rock, AR?
Rental vacancy in Little Rock, AR is elevated. Investors should budget normal turnover but not chronic empty units.
You know 72223 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 72223 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 72223 ranks in Little Rock-North Little Rock-Conway, AR
Every ZIP in this metro, ranked. Free.
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