Let’s talk about Arkansas, The Natural State.
Arkansas is known for its abundance of clear streams, rivers, and lakes. In fact, Arkansas has more than 600,000 acres of natural lakes.
Over the past 10 years, the population of Little Rock has increased by 4.7%. According to the Little Rock Chamber of Commerce, more and more jobs are predicted to be created before 2027. Jobs like Physical Therapist Assistant, Nurse Practitioner, Occupational Therapist, and other health care opportunities will be bringing more people into the city.
In April of 2022, WalletHub ranked Little Rock, Arkansas as one of the best cities for renters in the United States. The market had a strong rating for the rental market and affordability.
- Median rent for a 3-bedroom home in Little Rock is $1,100.
- Rental rates in Little Rock have increased by 11% year-over-year.
- Renter-occupied households in Little Rock make up 42% of the occupied housing units.
- 46% of the housing units in Little Rock rent for between $701 and $1,000 per month, while 27% have monthly rents of less than $700.
- The most affordable neighborhoods for renters in Little Rock include Cammack Village, Little Rock City, and Wrightsville where rents range between $811 and $874 per month.
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