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Little Rock

Learn about the people, housing, costs and businesses in Little Rock, Minnesota

Median Home$105,000
Median Rent$474/month
Population1,020
Leading IndustryPublic Administration33% of local workforce
Home Value Growth+8.6% over 2 years
Family-Friendly35% of residentstop 1% nationally
Homeowners73% of occupied units
NotableAffordable Market$105k median home · lower cost than 90% of the country
Little Rock
MN

Frequently Asked Questions

What are today's mortgage rates in Little Rock?

As of today, the 30-year fixed mortgage rate for Little Rock is approximately 7.344% (7.395% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Little Rock?

The median home value in Little Rock is $105k. The median monthly rent is $474. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Little Rock?

Home values in Little Rock have increased 8.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Little Rock?

Based on a typical all-in ownership cost of $484/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Little Rock is $47k/year.

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What industries drive the economy in Little Rock?

The largest employment sectors in Little Rock are public administration (33%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.