Sell Your Commercial Property In Pulaski County, AR

Who rents in Pulaski County

Renters head 74,143 of the 172,409 occupied households in Pulaski County, a 43.0% share in the 2020-2024 ACS. Owners hold the remaining 98,266 households. Little Rock carries the largest renter pool at 40,812 households, 55.0% of the county total, and also holds 66.3% of the county's units in 5+ unit buildings.

North Little Rock posts the highest renter share among Pulaski County's cities, at 55.4%, with 17,700 renter households. Jacksonville runs a 50.4% renter share on a smaller base of 5,603 households. Sherwood leans more toward owners, with renters at just 29.2% of its 14,077 occupied units.

Rents, growth and affordability

Pulaski County's median gross rent climbed 25.4%, from $861 to $1,080, between the 2015-2019 and 2020-2024 surveys. Population grew far more slowly, up 1.7% to 399,818 residents, an increase of 6,851 people. Renter households rose 13.9%, adding 9,030 households over the same comparison period.

Apartment supply grew too. Units in 5+ unit buildings in Pulaski County rose 8.9%, adding 3,507 units. That pace has not fully absorbed demand: 47.9% of Pulaski County renters paid 30% or more of income on gross rent in the 2020-2024 ACS, and rental vacancy stands at 8.7%.

HUD's FY2027 two-bedroom Fair Market Rent for the Little Rock-North Little Rock-Conway HUD area is $1,121, effective October 1, 2026. That benchmark runs $41 above Pulaski County's $1,080 median gross rent, a gap worth checking against any specific submarket before you price a building.

City-by-city comparison

Little Rock anchors the apartment stock in Pulaski County, with 28.6% of its housing units in 5+ unit buildings and a $1,106 median gross rent. North Little Rock and Sherwood post higher median rents relative to their renter share, while Jacksonville's vacancy rate runs the highest of the four cities.

Rent ranges from $930 in Jacksonville to $1,106 in Little Rock. North Little Rock pairs a below-county rent with the county's highest renter share and lowest vacancy, at 6.2%. Sherwood's higher household income shows up in both its rent level and its smaller renter share.

Property taxes and assessment in Pulaski County

Arkansas assesses real property, including apartment buildings, at 20% of market value under Ark. Code Section 26-26-303(c). The county assessor lists property and appraises it to market value as of January 1 each year, then applies that 20% ratio to set assessed value.

Amendment 79 caps yearly growth in taxable assessed value at 10% a year for non-homestead parcels, including commercial and apartment property, until the parcel reaches full assessed value. A sale removes that cap, and the property is reassessed at 20% of full value as of the following January 1 under Ark. Code Section 26-26-1122.

Pulaski County property taxes are due starting the first business day in March and become delinquent after October 15, with a 10% penalty on late payment. Buyers in Pulaski County should pull the parcel's current millage directly from the county tax collector before finalizing an offer.

What this means if you sell in Pulaski County

When you sell commercial property in Pulaski County, AR, you sell into a market where renters hold 43.0% of households and 22.2% of units sit in 5+ unit buildings. An 8.7% rental vacancy rate gives buyers room to question lease-up risk, especially outside Little Rock's tighter submarkets.

Taxes reset at sale. Because Amendment 79's growth cap disappears once a parcel changes hands, buyers underwrite the next reassessment at 20% of full value, not your current bill. Arkansas also preempts local rent control under Ark. Code Section 14-54-1409, so rents in Pulaski County move with the market rather than an ordinance.

As a multifamily buyer in Pulaski County, we review 5+ unit buildings from Little Rock to Sherwood as they stand today. Send a current rent roll, a T-12 and the latest tax statement, and we will price the building on those numbers.