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Real Estate Prices & Overview

Hanger Hill / MacArthur Park median real estate price is $271,021, which is more expensive than 70.8% of the neighborhoods in Arkansas and 34.2% of the neighborhoods in the U.S.

The average rental price in Hanger Hill / MacArthur Park is currently $1,343, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.6% of Arkansas neighborhoods.

Hanger Hill / MacArthur Park is a suburban neighborhood (based on population density) located in Little Rock, Arkansas.

Hanger Hill / MacArthur Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Hanger Hill / MacArthur Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Hanger Hill / MacArthur Park. The current real estate vacancy rate here is 28.7%. This is higher than the rate of vacancies in 94.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Little Rock, the Hanger Hill / MacArthur Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the most interesting things about the Hanger Hill / MacArthur Park neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 75.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.9% of the neighborhoods in America.

In addition, one of the unique characteristics of the Hanger Hill / MacArthur Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.3% of the neighborhoods in America.

Also, the Hanger Hill / MacArthur Park neighborhood stands out within Arkansas for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.8% of college-friendly places to live in AR.

Real Estate

The Hanger Hill / MacArthur Park neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 82.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Diversity

Did you know that the Hanger Hill / MacArthur Park neighborhood has more Romanian and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Romanian ancestry and 3.4% have Scots-Irish ancestry.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Hanger Hill / MacArthur Park neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Hanger Hill / MacArthur Park neighborhood in Little Rock are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.3% of U.S. neighborhoods. With 33.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.0% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Hanger Hill / MacArthur Park neighborhood, 50.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 21.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.3%), and 11.2% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hanger Hill / MacArthur Park neighborhood is English, spoken by 95.5% of households. Other important languages spoken here include Spanish, Italian and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Hanger Hill / MacArthur Park neighborhood in Little Rock, AR, residents most commonly identify their ethnicity or ancestry as German (10.9%). There are also a number of people of French ancestry (7.1%), and residents who report Mexican roots (7.1%), and some of the residents are also of Irish ancestry (6.6%), along with some English ancestry residents (5.4%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hanger Hill / MacArthur Park neighborhood spend under 15 minutes commuting one-way to work (52.4% of working residents), one of the shortest commutes across America.

Here most residents (85.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (6.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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