Rent-to-Own Homes in Little Rock, AR: What You Need to Know
The largest city in Arkansas, Little Rock is a great southern choice for those interested in relocating. The cost of living is low and the climate is warm and pleasant. There’s plenty to see and do, whether you live here or are just visiting. The neighborhoods are affordable and comfortable.
Little Rock Real Estate: The Cost of Living
The median home price of a Little Rock home is $147,150. The price of gas per gallon is $2.47. Healthcare is 16% lower here than the national average. Little Rock does not have an income tax, but the state of Arkansas has a 6.5% sales tax.
The Local Weather and Climate
Little Rock has a humid, subtropical climate. The summers here are humid and hot, while winters are short and cold. The hottest month here is July, with temperatures topping out at 93°F. The coldest month is January, with temperatures scarcely dipping below 34°F. The wettest month is November, with 5.3” of rain, though it rains most in May, with an average of 11 days. There is minimal snowfall here, with only an annual average of 3.5”.
The Local Population
The warmth of Little Rock has attracted a sizable senior population, with 13.7% of the residents here being over 65 years of age. 23.5% of residents are under 18 years. Roughly 51% of the people are Caucasian, and nearly 42% are African American.
Things to Do in Little Rock
Little Rock is brimming with art, history, and music. The Arkansas Arts Center and The Galleries at Library Square are excellent choices for browsing some gorgeous work created by local artists. There is an abundance of natural beauty in Little Rock. The Pinnacle Mountain State Park is just 15 miles northwest of the downtown. There are two hiking trails and 7 miles of bike trails, along with picnic spots and interactive programs.
Know Your Neighborhoods
Little Rock is the largest city in Arkansas and therefore has various neighborhoods – each with distinct personalities and amenities – to choose from.
Hillcrest is home to 6,244 residents who enjoy a dense suburban environment. Many families and young professionals have settled here. The median home value is $211,771 and just over half the residents own their home. The median rent is $924.
An Arkansas favorite, Capital View/Stiff offers its nearly 3,000 residents a dense suburban environment and highly rated public schools. Young professionals tend to favorite Capital View/Stiff. The median home value is $159,189 and just over half the population owns their home. The median rent is $801.
Rock Creek is a dense suburban neighborhood with 12,226 residents. Families and young professionals make up the bulk of the population. The median home value is $241,702 and the majority of residents own their homes. The median rent is $1,164.