ZIP Code · AR

ZIP 72227

Pop. 11,284·Pulaski County·43rd most expensive ZIP in Arkansas
Median rent (all units)
$1,142/mo
Year-over-Year
-2.1%
Month-over-Month
-1.9%
vs US Median
-$790
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 72227 · $1,142
More affordable than 94% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$980
2 BR
$1,140
3 BR
$1,530
4 BR+
$1,810
Research median
$1,140/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 72227 is 4.5% below its high of $1,196 in April 2026, at $1,142 as of September 2026.

Past year vs. the rest of Arkansas

Rent in ZIP 72227 changed -2.1% over the year to September 2026. Across the 44 Arkansas ZIP codes Zillow tracks, the typical change was +2.4%.

Recent direction

Rent has fallen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($73,879) is $1,847 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,810).

Rank in Little Rock

5th cheapest of 10 ZIP codes in Little Rock.

Cheaper nearby

ZIP 72118, 5 miles away, rents for 11% less ($1,019/mo), about $1,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 72227. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$13,704/yr
At $1,142/mo median
Location
StateAR
CountyPulaski County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.1% YoY, -1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 72227 (Little Rock, AR) is majority owner-occupied, has a large share of families with children, 58% of residents hold a bachelor's degree or higher.

Population
11,284
Median income
$73,879
Median age
38
Renters
38.2%
Age distribution
30.3%
16.2%
26.4%
17.1%
Under 1830.3%
18–3416.2%
35–5426.4%
55–6410%
65+17.1%
Gender
46.2%
53.8%
Male46.2%
Female53.8%
Race & ethnicity
62%
26.7%
White62%
Black26.7%
Hispanic4.1%
Asian0.6%
Other6.6%
Education (25+)
15.3%
25%
58%
No HS diploma1.7%
HS diploma15.3%
Some college25%
Bachelor's+58%
Housing tenure
61.8%
38.2%
Owner61.8%
Renter38.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 72227 in Little Rock, AR has changed in 5 years

Rent
$1,041 → $1,142
up 9.7%
Income
$73,553 → $73,879
up 0.4%
Population
11,965 → 11,284
down 5.7%
Renter share
34.3% → 38.2%
+3.9 pts
Bachelor's+
56.3% → 58%
+1.7 pts
Median age
39.5 → 38
-1.5 yrs

Five years ago, renters in ZIP 72227 in Little Rock, AR paid around $1,041 a month. That figure now sits near $1,142, up 9.7% from the 2023 baseline. Census figures show median household income at $73,879 today, compared with $73,553 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 72227 in Little Rock, AR losing about 681 residents over the five-year window, down 5.7% on net. The renter share has risen from 34.3% to 38.2%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

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About renting in ZIP 72227

Last updated: October 17, 2026

ZIP code 72227 covers Little Rock, AR. The median rent here is $1,142/mo as of October 2026. A 1-bedroom rents for a median of $980/mo. A 2-bedroom rents for a median of $1,140/mo.

At 19% of local median household income ($73,879/yr), ZIP 72227 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 72227?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (about $22/hour full-time) to afford the median rent of $1,142/mo in ZIP 72227. The local median household income is $73,879/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 72227?

Rent in ZIP 72227 has fallen 2.1% over the past year as of September 2026. It sits 4.5% below its high of $1,196 in April 2026.

How does ZIP 72227 compare to other ZIPs in Arkansas?

ZIP 72227 is one of the more affordable among Arkansas ZIP codes for rent, ranking #43 of 61 at $1,142/mo. Over the year to September 2026, rent in ZIP 72227 changed -2.1%, against a typical +2.4% across the 44 Arkansas ZIP codes Zillow tracks.

How does ZIP 72227 compare to the rest of Little Rock?

At $1,142/mo, ZIP 72227 is $42 below the Little Rock citywide median of $1,184/mo. It is the 5th cheapest of 10 ZIP codes in Little Rock.
Income Affordability
19%
VERY AFFORDABLE

At $1,142/mo, rent takes ~19% of ZIP 72227's median household income ($73,879/yr). The standard benchmark is 30%.

ZIP 72227 19%Benchmark 30%
State income tax3.9%
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Schools nearby

Public schools near ZIP 72227 (Little Rock, AR)

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