Little Rock Air Force Base, AR

The real estate market in Little Rock Air Force Base is unique because of the large military population and their need for housing. The base has a population of over 50,000 people and there is a high demand for housing. This has led to a high cost of living and a limited supply of homes.

The average home price in Little Rock Air Force Base is $225,000. This is higher than the average home price in Arkansas, which is $172,500. The high cost of living has made it difficult for families to buy homes on base. There are only about 1,000 homes available for sale on base, which means that the majority of homeowners are military families who have been living on base for years.

There are several factors that have contributed to the high cost of living in Little Rock Air Force Base. First, the military pays a lot more for housing than civilians do. Second, there is a limited supply of homes available on base due to the high demand from military families. Third, the cost of utilities and other essentials like groceries are higher on base than they are off base. Fourth, there is no commercial development near the air force base which means that businesses have to pay higher taxes to support it than they would if there were commercial development nearby. Fifth, traffic congestion onbase can be very bad during rush hour periods.