Introduction

Investing in rental properties can be a lucrative venture, offering both a steady income stream and potential appreciation in property value. However, the success of a rental property investment hinges on several factors, including the quality of the property and, critically, its location. A good rental property is one that is in a desirable area with strong demand, offers conveniences and attractions for tenants, and provides a good return on investment (ROI).

Pulaski County, Arkansas, is an area with a diverse range of neighborhoods, each offering unique benefits for potential investors. This guide explores some of the best neighborhoods in Pulaski County, grading them on various criteria to help you make an informed decision.

Best Neighborhoods and Areas in Pulaski County, AR

1. Downtown Little Rock

Grades:

• Convenience: A+
• Tourist Attractions: A
• Things to Do: A
• Average Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: A+
• X-Factor: A

Convenience
Downtown Little Rock offers unparalleled convenience with its central location and access to public transportation. It is close to major highways, making it easy for tenants to commute.

Tourist Attractions
This area is rich in tourist attractions, including the Clinton Presidential Library, the Arkansas Arts Center, and the Historic Arkansas Museum. These attractions not only draw visitors but also provide cultural enrichment for residents.

Things to Do
There is no shortage of activities in Downtown Little Rock. The River Market District offers a variety of dining, shopping, and entertainment options. Additionally, the area hosts numerous festivals and events throughout the year.

Average Home Prices
While home prices in Downtown Little Rock are higher compared to some other areas in Pulaski County, they are still relatively affordable compared to many other major cities, making it a good investment opportunity.

Return on Investment
The high demand for rental properties in this area ensures a strong ROI. The vibrant economy and influx of new businesses continue to drive property values and rental rates upward.

Proximity to Work-Related Travel
Downtown Little Rock is close to major employers, hospitals, convention centers, and sports venues, making it an ideal location for professionals.

X-Factor
What sets Downtown Little Rock apart is its vibrant atmosphere and the blend of modern amenities with historic charm. The area’s ongoing revitalization projects continue to enhance its appeal.

2. Hillcrest

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: B
• Return on Investment: B+
• Proximity to Work-Related Travel: B
• X-Factor: A

Convenience
Hillcrest offers a cozy, neighborhood feel with a variety of local shops and restaurants within walking distance. It is also conveniently located near major roads and public transportation.

Tourist Attractions
While Hillcrest does not boast major tourist attractions, its charm lies in its historic homes and local businesses. The Hillcrest Farmers Market is a popular weekend destination.

Things to Do
Residents enjoy the laid-back atmosphere with numerous parks, cafes, and boutique shops. There are also several annual events, including the Hillcrest Harvestfest.

Average Home Prices
Home prices in Hillcrest are moderate, providing a good balance between affordability and investment potential.

Return on Investment
Hillcrest offers a solid ROI, particularly due to its desirability among young professionals and families looking for a quieter residential area with easy access to the city.

Proximity to Work-Related Travel
While not as centrally located as Downtown, Hillcrest is still within a reasonable distance to major employers and amenities, making it a convenient location for many.

X-Factor
The unique historic character of Hillcrest, with its well-preserved architecture and strong sense of community, gives this neighborhood a special charm that is highly attractive to many tenants.

3. West Little Rock

Grades:

• Convenience: A
• Tourist Attractions: B
• Things to Do: A
• Average Home Prices: B+
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: B+

Convenience
West Little Rock is known for its modern conveniences, including numerous shopping centers, restaurants, and top-rated schools. It is well-connected by highways and offers ample parking.

Tourist Attractions
Although not a primary tourist destination, West Little Rock has several parks and recreational areas, such as Pinnacle Mountain State Park, which attract outdoor enthusiasts.

Things to Do
This area offers a variety of activities, from high-end shopping at the Promenade at Chenal to hiking and outdoor sports. There are also numerous dining options, ranging from casual eateries to upscale restaurants.

Average Home Prices
West Little Rock's home prices are on the higher side but still offer good value for the amenities and quality of life provided.

Return on Investment
The area's strong demand for rental properties, particularly among families and professionals, ensures a healthy ROI. The continued development in the area also supports property value appreciation.

Proximity to Work-Related Travel
West Little Rock is home to several corporate offices and business parks, making it a convenient location for professionals. Its proximity to major roads also facilitates easy travel to other parts of the city.

X-Factor
The combination of suburban comfort with urban amenities makes West Little Rock unique. It is an ideal location for those seeking a high quality of life with all the conveniences of city living.

4. North Little Rock

Grades:

• Convenience: B
• Tourist Attractions: B+
• Things to Do: B+
• Average Home Prices: A
• Return on Investment: B+
• Proximity to Work-Related Travel: B+
• X-Factor: B

Convenience
North Little Rock offers good convenience with access to public transportation and major highways. It is also close to the Arkansas River, providing scenic views and recreational opportunities.

Tourist Attractions
Attractions in North Little Rock include the Arkansas Inland Maritime Museum, Dickey-Stephens Park, and the Argenta Arts District, which hosts a variety of cultural events and galleries.

Things to Do
There is plenty to do in North Little Rock, from enjoying riverside parks to exploring the vibrant Argenta neighborhood, known for its arts and entertainment.

Average Home Prices
Home prices in North Little Rock are generally lower than in other parts of the county, making it an attractive option for investors looking for more affordable properties.

Return on Investment
The area offers a good ROI, particularly in the Argenta district, where revitalization efforts have increased property values and rental demand.

Proximity to Work-Related Travel
North Little Rock is conveniently located near downtown and major employers, providing good accessibility for work-related travel.

X-Factor
The revitalization of the Argenta Arts District adds a unique cultural flavor to North Little Rock, making it an appealing choice for those interested in the arts and community events.

Conclusion

Pulaski County, AR, offers a variety of neighborhoods each with its own unique advantages for rental property investors. Whether you are looking for the urban vibe of Downtown Little Rock, the historic charm of Hillcrest, the suburban convenience of West Little Rock, or the cultural richness of North Little Rock, there is something for every investor. By carefully considering the factors of convenience, attractions, activities, home prices, ROI, proximity to work-related travel, and the unique x-factor of each area, you can unlock the full investment potential of rental properties in Pulaski County.