Rent to own Homes in Little Rock, AR
What used to be a river landmark has become the namesake of the capital city Arkansas. Little Rock, closely situated at the center of Arkansas, is home to 717,600 people and thriving Southern culture that's a good mix of its rich history and vibrant modern life. It plays host to a booming urban scene - world-class attractions, bustling nightlife, and dining options that include a wealth of cuisines from all around the globe. The city has a humid subtropical climate, which means mild winters and hot summers.
Little Rock, AR is a great place for affordable rent-to-own homes! With a median household income of over $53,620 and a median rent of $889, the Little Rock, AR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Little Rock, AR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Little Rock, AR Property Resources
Rent to own Homes in Cities Near Little Rock, AR
- Alexander
- Austin
- Avilla
- Bauxite
- Benton
- Bryant
- Cabot
- Cammack Village
- College Station
- Conway
- East End
- El Paso
- England
- Gibson
- Hensley
- Jacksonville
- Jefferson
- Keo
- Landmark
- Little Rock
- Lonoke
- Mabelvale
- Maumelle
- Mayflower
- McAlmont
- Natural Steps
- North Little Rock
- Paron
- Redfield
- Roland
- Sardis
- Scott
- Shannon Hills
- Sherwood
- Sweet Home
- Tucker
- Vilonia
- Woodson
- Wrightsville
Neighborhoods in Little Rock, AR
River Mountain rent to own homes Rock Creek rent to own homes Walnut Valley rent to own homes Reservoir rent to own homes West Markham rent to own homes Boyle Park rent to own homes Midtown rent to own homes Heights rent to own homes Oak Forest rent to own homes Capital View rent to own homesBuying a Home in Little Rock, AR
Little Rock, AR is seeing rapid growth and Little Rock, AR's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Little Rock, AR is part of Pulaski county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Pulaski is 0.68% which is below the national average, which is 0.99%.
Median Home Price in Little Rock, AR
Median Rent in Little Rock, AR
Top Reasons to Live in Little Rock AR
Housing Statistics Little Rock's median home sale price as of July 2013 is $194,100, which is considerably higher than the state average of $158,100 and lower than the national average of $221,000. Among the different neighborhoods, Heights and River Mountain have the highest average home sale price at $389,609 and $278,588, respectively; while Upper Baseline and South End have the lowest average home sale price of $54,301 and $42,000. Downtown area is just around the median at $190,727. Currently, around 78 percent of Little Rock's real estate property type is single-family home, 2 percent are condos, and 19 percent are of other types. Of all housing units, a mere 50.48 percent are occupied by their owners, 39.37 percent are rented, and 10.15 percent are vacant. Many properties are available on a rent to own scheme. In 2012, there were around 6,400 home sales transactions.
Local Sports Residents of this city are engrossed on a wide-range of sports activities. In fact, this city is home to many professional and semi-professional teams, such as Arkansas Travelers of baseball's Texas League; as well as Arkansas Twisters and Arkansas RimRockers for basketball. The city's War Memorial Stadium plays host to football matches, which draws an over 80,000-strong crowd. School athletic teams are quite the talk of town as well. The city is home to University of Arkansas of Little Rock Trojans. Most college sports teams hold their matches in the newly built Jack Stephens Center. Of course, the city is not without a few sports icons. World Superbike champion, John Kocinski; World Middleweight champion boxer, Jermain Taylor; and NBA players Joe Johnson and Derek Fisher have at one point called Little Rock their home.
Tourist Attractions There are many places of interest in the city. For the history buff, a trip to attractions like the MacArther Museum of Arkansas Military History, Historic Arkansas Museum, Capitol Building, Civil War sites, as well as Quapaw Quarter, which encompasses the Governer's Mansion and a large part of the historic areas of Little Rock, is in order. For those whose idea of fun is the outdoors, Arkansas River walk, a visit to the award-winning Little Rock Zoo, and other urban outdoor activities may be the more suitable attractions to visit.
Neighborhood Guide Little Rock consists of many neighborhoods - each with its own distinct ambiance and character. If you are a home buyer or looking for rental homes, you should keep in mind the inherent character of a neighborhood and its suitability to your lifestyle. Here's a brief look at the city's known neighborhoods: