The 10 Cheapest Little Rock, AR Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Little Rock are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Little Rock.
Cheapest Neighborhoods In Little Rock

Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Little Rock might be more expensive than living in rural Arkansas, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Little Rock neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Little Rock are the cheapest.

What’s the cheapest neighborhood to live in Little Rock for 2020? According to the most recent census data, Central High looks to be the cheaptest Little Rock neighborhood to live in.

At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Little Rock. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Little Rock that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Little Rock.

Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Arkansas reading, check out:

How We Determined The Cheapest Little Rock Hoods In 2020

In order to rank the cheapest places to live in Little Rock, we had to determine what criteria defines “cheap”.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 27 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the “Cheapest City Neighborhood In Little Rock.” We’re lookin’ at you, Central High.

Read on below to learn more about what it’s like to live in the cheapest places Little Rock. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

The 10 Cheapest Neighborhoods To Live In Little Rock For 2020

Overall SnackAbility

2
/10

Population: 2,212
Cost Of Living Index: 81 (1st cheapest)
Home Value To Income Ratio: 2.4 (9th cheapest)
Rent To Income Ratio: 0.016 (10th cheapest)
More on Central High: Homes For Sale | Data

The median income in Central High comes in at $26,625 and the median home value is $63,350 for 2020.

Overall SnackAbility

6
/10

Population: 6,834
Cost Of Living Index: 90 (14th cheapest)
Home Value To Income Ratio: 2.3 (5th cheapest)
Rent To Income Ratio: 0.014 (7th cheapest)
More on Otter Creek Crystal: Homes For Sale | Data

The median income in Otter Creek Crystal comes in at $50,648 and the median home value is $118,180 for 2020.

Overall SnackAbility

3
/10

Population: 3,232
Cost Of Living Index: 84 (4th cheapest)
Home Value To Income Ratio: 2.2 (3rd cheapest)
Rent To Income Ratio: 0.022 (20th cheapest)
More on East Of I-30: Homes For Sale | Data

The median income in East Of I-30 comes in at $31,557 and the median home value is $70,520 for 2020.

Overall SnackAbility

3
/10

Population: 3,738
Cost Of Living Index: 85 (8th cheapest)
Home Value To Income Ratio: 2.2 (4th cheapest)
Rent To Income Ratio: 0.02 (16th cheapest)
More on 65th Street West: Homes For Sale | Data

The median income in 65th Street West comes in at $35,436 and the median home value is $79,650 for 2020.

Overall SnackAbility

3
/10

Population: 3,594
Cost Of Living Index: 83 (2nd cheapest)
Home Value To Income Ratio: 2.3 (6th cheapest)
Rent To Income Ratio: 0.022 (21st cheapest)
More on South End: Homes For Sale | Data

The median income in South End comes in at $26,956 and the median home value is $62,900 for 2020.

Overall SnackAbility

4
/10

Population: 2,070
Cost Of Living Index: 85 (8th cheapest)
Home Value To Income Ratio: 3.0 (19th cheapest)
Rent To Income Ratio: 0.009 (3rd cheapest)
More on South Geyer Springs: Homes For Sale | Data

The median income in South Geyer Springs comes in at $36,572 and the median home value is $111,200 for 2020.

Overall SnackAbility

3
/10

Population: 4,024
Cost Of Living Index: 84 (4th cheapest)
Home Value To Income Ratio: 2.2 (2nd cheapest)
Rent To Income Ratio: 0.025 (24th cheapest)
More on Wakefield: Homes For Sale | Data

The median income in Wakefield comes in at $30,114 and the median home value is $67,000 for 2020.

Overall SnackAbility

4
/10

Population: 7,364
Cost Of Living Index: 84 (4th cheapest)
Home Value To Income Ratio: 2.2 (1st cheapest)
Rent To Income Ratio: 0.028 (27th cheapest)
More on Oak Forest: Homes For Sale | Data

The median income in Oak Forest comes in at $28,045 and the median home value is $61,427 for 2020.

Overall SnackAbility

8.5
/10

Population: 14,605
Cost Of Living Index: 99 (24th cheapest)
Home Value To Income Ratio: 2.4 (8th cheapest)
Rent To Income Ratio: 0.007 (2nd cheapest)
More on Rock Creek: Homes For Sale | Data

The median income in Rock Creek comes in at $86,290 and the median home value is $205,200 for 2020.

Overall SnackAbility

5
/10

Population: 5,944
Cost Of Living Index: 86 (10th cheapest)
Home Value To Income Ratio: 2.5 (10th cheapest)
Rent To Income Ratio: 0.019 (14th cheapest)
More on Cloverdale Watson: Homes For Sale | Data

The median income in Cloverdale Watson comes in at $34,833 and the median home value is $85,467 for 2020.

Summing Up The Cheapest Places In Little Rock

If you’re measuring the neighborhoods in Little Rock where prices are low and it’s cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Little Rock aren’t all cheap. Capital View-Stiff takes the title of the most expensive neighborhood to live in Little Rock.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Arkansas reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Little Rock For 2020

Rank Neighborhood Cost Of Living Index
1 Central High 81
2 Otter Creek Crystal 90
3 East Of I-30 84
4 65th Street West 85
5 South End 83
6 South Geyer Springs 85
7 Wakefield 84
8 Oak Forest 84
9 Rock Creek 99
10 Cloverdale Watson 86
11 West Markham 94
12 Chicot West 87
13 John Barrow 88
14 River Mountain 102
15 Reservoir 96
16 Big Dickinson Lake 85
17 Upper Baseline 85
18 Westwood-Pecan Lake 92
19 Midtown 97
20 Walnut Valley 94
21 Boyle Park 90
22 Stephens 86
23 Briarwood 93
24 Hillcrest 104
25 Heights 121
26 Downtown 92
27 Capital View-Stiff 95

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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