Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,056, 1,291 total housing units (homes and apartments), and a median house value of $497,994, Little Flock real estate is some of the most expensive in Arkansas, although Little Flock home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Little Flock, accounting for 45.48% of the city's housing units. Other types of housing that are prevalent in Little Flock include single-family detached homes ( 43.51%), duplexes, homes converted to apartments or other small apartment buildings ( 7.29%), and a few row houses and other attached homes ( 1.90%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Little Flock primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Little Flock has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Little Flock built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Little Flock built between 2000 and later ( 26.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.23%). There's also some housing in Little Flock built before 1939 ( 1.37%).
In the last 10 years, Little Flock has experienced some of the highest home appreciation rates of any community in the nation. Little Flock real estate appreciated 169.59% over the last ten years, which is an average annual home appreciation rate of 10.43%, putting Little Flock in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Little Flock definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Little Flock that despite a nationwide downturn in the housing market, Little Flock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Little Flock appreciation rates continue to be some of the highest in America, at 9.80%, which is higher than appreciation rates in 86.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Little Flock. Little Flock appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.48%.
Relative to Arkansas, our data show that Little Flock's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.
$497,994
for Arkansas
for nation
1,291
$1,303 / per month