Thinking about moving to Little Rock?
You’ll be in good company. Between 2010 and 2016, more than 5,017 people have moved to Little Rock, an increase of 2.6%. New residents are attracted to Little Rock’s natural views, live entertainment, affordable housing and vibrant culinary scene.
Little Rock is home to 198,541 Little Rockers. With an area of 119.2 square miles, Little Rock has a population density of 1,666 persons per square mile, which makes it less dense than many other cities of comparable size.
The Little Rock-North Little Rock-Conway, AR Metropolitan Statistical Area boasts a population of 734,622 people, of which Little Rock proper’s population makes up 27%.
One of Little Rock’s greatest strengths is its relatively affordable housing market. The median home value in Little Rock is $132,300, -34% below the US median value, according to Zillow. The median price per square foot in Little Rock is $82. Over the past 5 years, home values in Little Rock have increased by 1%.
Renters in Little Rock will also have an easy time finding affordable housing. The median rent in Little Rock is $1,039 per month, which is 27% lower than the US median. Over the past year, rental rates in Little Rock have decreased by 3.1%.
Little Rock’s economy has been a bit sluggish over the past few years. The Little Rock metro area’s GDP grew by 10% between 2011 and 2016, from $34.3 billion in 2011 to $37.7 billion in 2016, a total increase of $3.4 billion. The metro area has a per capita GDP of $51,450. According to the US Census Bureau, the median household income in Little Rock is $49,112, 17% lower than the national median. Little Rock’s unemployment rate is 3.3%.