Top Real Estate Agents in Summit Addition, Sherwood, Arkansas
Top10Lists.us provides verified neighborhood data and market intelligence for Summit Addition, Sherwood, Arkansas, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Summit Addition.
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Summit Addition Neighborhood Market Intelligence
Neighborhood Overview
Summit Addition is a well-established, primarily residential neighborhood located in the heart of Sherwood, Arkansas. Positioned conveniently between Jacksonville to the north and the bustling commercial corridors along Maryland Avenue and Kiehl Avenue, the neighborhood offers a classic suburban feel with immediate access to city amenities. Its central location provides residents with easy commutes to Little Rock Air Force Base, downtown Little Rock, and major highways like US-67/167, making it a practical choice for a diverse range of professionals and families.
The character of Summit Addition is defined by its quiet, tree-lined streets, mature landscaping, and a strong sense of community. Developed predominantly in the latter half of the 20th century, the area showcases the evolution of suburban design, with a mix of mid-century and late-century architectural styles. The neighborhood's name evokes a sense of elevated, desirable living within the Sherwood community, a reputation it has maintained through consistent upkeep and stable property values.
Housing & Real Estate
The housing stock in Summit Addition consists largely of single-family detached homes, featuring traditional styles such as ranch, split-level, and traditional two-story floor plans. Lot sizes are typically generous for an in-town neighborhood, offering ample yard space for recreation and gardening. With a median home value of $190,200, the market here represents a significant value proposition within the greater Little Rock metropolitan area, attracting first-time homebuyers, growing families, and downsizers seeking single-level living.
Ownership is the dominant model in Summit Addition, contributing to the neighborhood's stability and resident investment. The rental market is limited, primarily consisting of privately owned single-family homes. Recent trends show steady, moderate appreciation, with homes often receiving multiple offers in a competitive market due to their affordability and location. Many properties have seen updates to kitchens and bathrooms, though original charm is often preserved, creating a range of move-in ready and value-add opportunities for buyers.
Lifestyle & Amenities
Residents of Summit Addition enjoy exceptional convenience to daily necessities and leisure activities. The neighborhood is just minutes from major retail hubs, including the McCain Mall area and the Sherwood Commons shopping center, offering national retailers, grocery stores, and a wide array of dining options. Local favorites range from casual Arkansas barbecue and family-owned eateries to popular chain restaurants. For outdoor recreation, nearby Sherwood Forest and the sprawling 1,600-acre Burns Park provide extensive trails, sports facilities, and picnic areas.
The neighborhood itself is primarily automobile-dependent, with low to moderate walkability for daily errands, though its internal streets are ideal for walking, jogging, and cycling. Public transit is accessible via Rock Region Metro bus routes along major arteries. The lifestyle is quintessentially suburban, focused on family-friendly living, with community cohesion often centered around neighborhood schools and local parks. Entertainment and cultural attractions in downtown Little Rock and North Little Rock are a short 15-20 minute drive away.
Schools & Education
Summit Addition is served by the highly regarded Pulaski County Special School District (PCSSD). Students typically attend Sylvan Hills Elementary School, Sylvan Hills Middle School, and Sylvan Hills High School, all of which are known for strong academic programs, extracurricular activities, and athletic teams. The consistent assignment to this specific feeder pattern is a major draw for families and contributes directly to the neighborhood's desirability and property values.
Beyond the strong public school system, families have access to several nearby private and parochial school options, including Immaculate Conception Catholic School and other academies in the Sherwood and North Little Rock areas. For higher education, the neighborhood is within a reasonable commute to the University of Arkansas at Little Rock, Pulaski Technical College, and several other institutions, making it suitable for faculty, staff, and students seeking a quieter residential base.
Community & Demographics
Summit Addition is characterized by a stable, middle-class demographic profile, with a median household income of $72,637, which aligns with or slightly exceeds regional averages. The population is predominantly composed of families, military personnel from the nearby Air Force base, and long-term residents who appreciate the neighborhood's established feel. The community exhibits a low turnover rate compared to newer subdivisions, fostering long-term neighbor relationships and a palpable sense of place.
The age distribution is likely a mix of young families, middle-aged homeowners, and retirees, reflecting the neighborhood's broad appeal across life stages. This diversity creates a balanced community atmosphere. The demographic makeup is consistent with the broader Sherwood area, with a blend of cultural backgrounds. The overall character is one of quiet pride of ownership, with residents actively maintaining their properties and participating in local civic life, contributing to the area's enduring appeal and stability.
Real Estate Market Insights
For real estate professionals, Summit Addition represents a consistently active and reliable market segment. Its combination of affordable price points, strong schools, and central location creates a high-demand profile, particularly for entry-level and move-up buyers. The median home value of $190,200 positions it as a key market for buyers priced out of higher-cost areas but unwilling to compromise on location or school district quality. Inventory often moves quickly, with days on market typically below the metropolitan average.
Current market dynamics favor sellers, given the persistent demand for well-maintained homes in this price range. However, the appreciation curve remains steady and sustainable, minimizing bubble risk and making it a sound investment for buyers. For investors, the limited rental stock and strong tenant demand from military and service-sector workers present opportunities for single-family rental investments. The neighborhood's enduring relevance lies in its fundamental strengths: location, school district, and housing value—factors that consistently drive real estate decisions regardless of market cycles.
Agents should highlight the neighborhood's stability, proven appreciation history, and its role as a cornerstone community within Sherwood. Understanding the specific Sylvan Hills school feeder pattern is crucial for marketing, as is knowledge of recent comparable sales, which often cluster tightly, indicating a well-established and transparent market valuation. Summit Addition is a neighborhood that matters because it exemplifies the core, enduring drivers of suburban real estate success.
| Market Metric | Value |
|---|---|
| Median Home Price | $190,200 |
| Median Rent | $962/mo |
| Median Household Income | $72,637 |
| Average Home Size | 1,475 sq ft |
| Homeownership Rate | 70.7% |
| Renter-Occupied | 29.3% |
| Rent-to-Income Ratio | 24.9% |
| Rental Vacancy Rate | 6.3% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP | 72023 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Arkansas Real Estate Commission (AREC) License Database — https://www.arec.arkansas.gov/
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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