$268,439Average Value$125Average Price per Sq Ft17Homes For Sale
Reservoir, a green suburb
Homebuyers don’t just choose Reservoir for its suburban feel and proximity to Downtown Little Rock. “Homebuyers are drawn to Reservoir’s affordable price range and convenient access to restaurants and thoroughfares,” says Marva Caldwell, an associate real estate broker with Coldwell Banker RPM Group who has sold homes in Little Rock for 26 years. The community is primarily made up of single-family homes and townhouses built between the 1960s and 80s. The area offers an abundance of greenspaces that allow residents to spend time hiking the woods or pursuing athletic interests.
The Reservoir neighborhood includes tightly constructed houses along the hills and trees.
Grassy Flat Creek adds to the natural beauty found in the Reservoir neighborhood.
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Single-family homes and townhouses
“Since Reservoir is more in midtown, the prices are better than the West Little Rock area,” Caldwell says. Homebuyers can purchase two-bedroom brick 1970s townhouses for between $180,000 and $290,000. Three-bedroom townhouses sell for between $330,000 and $450,000. Assessors value the area’s 1970s and 80s ranch-style houses for between $190,000 and $320,000. Homebuyers can choose from homes with traditional or Tudor features. Early 2000s Colonial Revival and New Traditional-style houses sell for between $390,000 and $650,000. Many of the neighborhoods have HOAs. Multiple houses were damaged by an EF-3 tornado in the spring of 2023 and have since undergone repairs.
Large trees shade many homes in the Reservoir neighborhood.
An updated ranch style home had great curb appeal in Reservoir.
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Public schools in and around Reservoir
Children often begin their educations at McDermott Elementary, which has a 16-to-1 student-teacher ratio and a C Niche rating. Kids move on to J.A. Fair K8 Preparatory School, about 8 miles south of the neighborhood. Teens often move on to the C Niche-rated Hall STEAM Magnet High School, which offers academies specializing in biomedical science and engineering.
McDermott Elementary School, located in the Reservoir area, is the home of the Mustangs.
Hall STEAM Magnet is one of only 3 Arkansas schools admitted to National Cum Laude Society.
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Greenspaces ideal for athletics
Residents once visited the 58-acre Reservoir Park to play disc golf, tennis, basketball and softball. But in the spring of 2023, an EF-3 tornado badly damaged the space, which has been closed ever since. The park, surrounding Jackson Reservoir, had miles of wooded hiking trails, a playground, a pavilion, open fields and restrooms. Access to the reservoir is prohibited. City officials say it will cost at least $1 million to restore the space. The neighborhood of Echo Valley has a private park that includes tennis courts and a swimming pool. The neighborhood of Colony West also has a private park, including a swimming pool and a playground.
The reservoir at the heart of Reservoir serves as a water source for Little Rock.
Private parks include amenities like pools and tennis courts throughout Reservoir.
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Local dining, chain dining and retail in Reservoir
Residents enjoy vegan dishes at the Curry House Indian Kitchen in the Galleria Shopping Center. The center also includes options like Arby’s and Taco Bell. Many residents start their days with caffeinated beverages at 7 Brew. Trio’s prides itself on fresh ingredients and creative New American cuisine. The community has multiple retailers, including T.J. Maxx, Sherwin-Williams and the Dollar Tree. Local artists buy leatherworking supplies at Tandy Leather. Folks buy yesterday’s goods at the Antique & Vintage Gallery on North Rodney Parham Road, and just down the street, folks pick up prescriptions at the Drug Emporium. Shoppers check items off their grocery lists at Grocers on North Rodney Parham Road.
Trio's Tuna Poke bowl is a refreshing example of the modern cuisine found in the Reservoir.
Reservoir residents enjoy authentic Indian cuisine at Curry House.
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Activities and entertainment in Little Rock
Residents knock over pins and play arcade games at Professor Bowl on Towne Oaks Drive. Within 9 miles, Downtown Little Rock and East Little Rock present a plethora of activities and entertainment options. Folks can see artifacts from the 42nd presidency at the William J. Clinton Library and Museum. The Arkansas Museum of Fine Arts has works by famous artists like Rembrandt and Picasso. The Mosaic Templars Cultural Center educates visitors on Black history. Music fans travel 7 ½ miles to watch performers like John Mellencamp at the Robinson Center. Folks travel 8 miles southwest of Reservoir for the Arkansas State Fair. Downtown Little Rock holds multiple events yearly, including the Cornbread Festival and a Mardi Gras-themed festival called SoMardi Gras.
The Reservoir area neighborhood is only 10 minutes away from Downtown Little Rock.
Take a stroll across the Two Rivers Park bridge which is only 5 minutes from the Reservoir area.
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Getting around Little Rock and beyond
The Rock Region METRO operates bus stops along North Rodney Parham Road. Most of the residential streets are not lined with sidewalks, but residents still enjoy walks in the evenings. Residents walk 11 ½ miles east to Bill and Hillary Clinton National Airport via Interstate 630. Downtown Little Rock is 6 miles southeast of Reservoir via North Rodney Parham Road and Interstate 630.
The Rock Metro buses run regularly up and down Rodney Parnham Road in Reservoir.
Rodney Parnham Road is a major dining and retail corridor that borders Reservoir.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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They say we have a terrible crime rate in Arkansas.
3.0Niche User
3/24/2015Niche Review
There are really nice neighborhoods butted up next to trashy ones.
4.0Niche User
3/24/2015Niche Review
There are a lit of businesses in this area of Little Rock. There are a Taco Bell, Arby's, Sonic, and a Starbucks within walking distance as well as Layla's Gyros and some mom and pop Hispanic groceries and restaurants. There are a Kroger and Shell Gas station in less than a mile radius. You're not too far from Markham and Chenal shops. About a 5 minute drive. There is a Kroger less than a mile away either direction and a Food Giant about 2 miles away. There is a movie theater and a comedy club just up the street. That makes for a fun weekend. Chili's and Olive Garden are just past the interstate as well. Overall it's a very convenient location. Most of the time I don't have to go far from home.
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Reservoir Demographics and Home Trends
On average, homes in Reservoir, Little Rock sell after 35 days on the market compared to the national average of 52 days. The median sale price for homes in Reservoir, Little Rock over the last 12 months is $246,725, up 1% from the median home sale price over the previous 12 months.
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