North Little Rock’s current Zillow ZHVI typical home value is $170,641, while Zillow ZORI typical observed market rent is $1,122 monthly. Annual ZORI divided by ZHVI gives a 7.9% gross yield before maintenance, management, taxes, insurance, vacancy, utilities, financing, and capital work. ZHVI equals 3.2x ACS median household income, while annual ZORI equals 25.5% of income. These citywide affordability ratios frame top-line housing cost, not a specific property’s economics or tenant pool.
ACS occupied-housing measures differ: surveyed owner-occupied homes have a $178,900 median value, while renter-occupied homes have $1,069 median gross rent, including selected utilities. Do not substitute or average them with Zillow’s differently measured series. Renters occupy 55.4% of occupied units, citywide housing vacancy is 9.3%, and the ACS median year built is 1975. This is a renter-majority tenure profile with potential building-age diligence, not a property condition assessment.
City depth adds constraints: 47.8% of renter households are rent-burdened. Housing units in single-family structures comprise 61.8% of the stock and those in large multifamily structures 12.2%. Of vacant units, 35.8% are classified as for rent; this survey share is not available investment inventory or proof of weak leasing. Population across overlapping ACS five-year vintages declined 2.3%; the comparison is not annualized and may reflect boundary change. Median household income is $52,707, poverty is 20.3%, and unemployment is 5.9%. These facts cannot establish property-level collections, turnover, or applicant quality.
At the county scope, Pulaski County recorded 52 median days on market and a 20.5% price-reduced share, useful negotiation context but not city liquidity. At the metro scope, broader Little Rock had 0.2% job growth, 3.6 months of supply, and a 98.2% sale-to-list ratio; these metro measures suggest muted employment expansion and buyer bargaining room without measuring the city alone. At the national scope, the 30-year mortgage rate was 6.66%, a financing benchmark rather than a local quote.
Underwriting is limited by citywide aggregates, mismatched Zillow and ACS concepts, overlapping survey vintages, and wider geographies. Verify the target’s price, achievable unit-specific rent, utility responsibility, taxes, insurance, financing, and closing costs. Inspect structure, systems, deferred maintenance, insurability, flood and hazard exposure, code and title status, leases, deposits, and payment history. Model management, repairs, reserves, vacancy, and concessions; then check comparable rentals, sales, and exit liquidity. Treat headline yield only as a screen until property-level net operating income and cash flow are established.