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.
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 2022 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 2022 for county Pulaski is 0.68% which is below the national average, which is 0.99%.
Little Rock, AR has a walk score of
Little Rock, AR has a bike score of
The state tax rate is 2.0 to 5.5% on top of the federal tax rate of 10 to 37%.