Rent, population, and median household income are important factors to consider for a 1031 exchange in Little Rock due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Little Rock, Arkansas is a part of the Little Rock-North Little Rock-Conway, AR metropolitan area, and contains 25 zip codes, including: 72255, 72215, 72214, 72202, 72212, and 72216.
Little Rock Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Little Rock, AR metropolitan area was $743, which is 7.53% lower than 2014 average rent. This represents a compounded annual growth rate of 1.46%. 2019 vacancy in Little Rock, AR was 5.10%.
The total population of the city of Little Rock, AR has grown 2.25% since 2010. As of 2018, the population was 197,881. The median household income of the Little Rock was $49,957, which is 17.14% lower than the national average.
- metropolitan area Little Rock-North Little Rock-Conway, AR
- avg rent $743
- rent growth 7.53%
- vacancy 5.10%
- median income $49,957
- population (2018) 197,881
- population growth 2.25%
- vs. nat'l avg 17.14%
- zip codes 72201 72202 72203 72204 72205 72206 72207 72209 72210 72211 72212 72214 72215 72216 72217 72219 72221 72222 72223 72225 72227 72231 72255 72260 72295
