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Sarah Mitchell

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Compass Real Estate · Arkansas

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Arkansas(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
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Arkansas housing market

Arkansas housing market summary

The typical home in Arkansas is worth $227,264, up 3.6% over the past year. Homes that actually closed went for a median of $275,500 after 53 days on market. On supply, pricing discipline, and speed of sale, Arkansas currently reads as a leaning buyer's at 4.0 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $1,213 a month in principal and interest with 20.0% down.

Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026

Arkansas housing market at a glance

Every tile carries the provider and the month it was published

Typical home value

$227,264

+3.6% YoY · Zillow, August 2026

Median sale price

$275,500

Redfin, through May 2026

Typical asking rent

$1,347/mo

Median of 39 cities · Zillow, August 2026

30-yr fixed rate

7.03%

Freddie Mac via FRED, September 2026

Monthly P&I

$1,213

20.0% down, 30-yr fixed

Days on market

53

+5 days YoY

Active listings

13,907

+0.2% YoY

Median household income

$58,773

U.S. Census ACS, 2023

Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

Where Arkansas home prices are heading

Arkansas's typical home value is $227,264, up 3.6% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.

Against the national picture, Arkansas runs 38.4% below the U.S. typical home value of $368,697, and its 12-month move of +3.6% is outpacing the national pace of +1.2%.

What would have to change for Arkansas prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Arkansas is carrying 4.0 months of supply — inside the four-to-six-month band where neither side dictates terms. Active listings are +0.2% year over year and new listings -5.0%, which is close to flat. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.

Market trends

Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

What it costs to buy in Arkansas at today's rate

Down payment

$45,453

20.0% of value

Loan amount

$181,811

30-yr fixed

Monthly P&I

$1,213

at 7.03%

Income needed

$51,986

28.0% front-end ratio

A buyer purchasing the typical Arkansas home at $227,264 puts $45,453 down, finances $181,811, and pays $1,213 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.

Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $51,986. Arkansas's median household earns $58,773 (Census ACS 2023) — a gap of $6,787 below what the median household brings in. Put differently, the median household would spend 24.8% of gross income on principal and interest alone — inside the ratio most lenders underwrite to.

The value-to-income ratio in Arkansas is 3.9x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.

Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023

Buying in Arkansas in the next 12 months?

Tell us your timeline. We send the Arkansas market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.

Rent or buy in Arkansas?

Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 39 largest Arkansas cities that carry it: $1,347 a month. Set against a typical home value of $227,264, that is a price-to-rent ratio of 14.1x.

Under 15x, buying tends to beat renting for anyone staying more than a few years — the rent you avoid does more work than the capital you tie up. Principal and interest on the typical home runs $134 less per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.

For a second read on the same question, the Census ACS puts median gross rent across all Arkansas households — every unit type, not just what is currently listed — at $914 a month (2023), with 66.1% of Arkansas households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.

Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.

Supply: what is on the market in Arkansas

Arkansas inventory, new listings, sales, and supply, latest month versus the same month a year earlier
MeasureLatestYear earlierChange
Active listings13,90713,876+0.2%
New listings4,5244,761-5.0%
Homes sold3,4523,630-4.9%
Months of supply4.03.8+0.2
Sale-to-list ratio97.4%97.4%Below asking

What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.

Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.

Where Arkansas home values are moving fastest

12-month change in typical home value · Zillow, August 2026

Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Arkansas cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.

The most and least expensive cities in Arkansas

Typical home value across the 150 largest cities · Zillow, August 2026

Most expensive

  1. 1.Goshen$751,142
  2. 2.Elm Springs$633,085
  3. 3.Cave Springs$574,342
  4. 4.Little Flock$515,290
  5. 5.Bentonville$492,753
  6. 6.Rogers$385,478
  7. 7.Fayetteville$383,552
  8. 8.Gravette$360,961
  9. 9.Bella Vista$359,421
  10. 10.Lowell$354,791

Most affordable

  1. 1.Helena-West Helena$40,630
  2. 2.Marvell$63,302
  3. 3.Earle$70,358
  4. 4.Pine Bluff$73,251
  5. 5.Forrest City$78,031
  6. 6.Blytheville$101,348
  7. 7.England$105,432
  8. 8.Marked Tree$110,065
  9. 9.Lepanto$112,341
  10. 10.Camden$112,458

The spread between Goshen and Helena-West Helena is 18.5x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Cedarville was the quickest of these markets to clear at 1 days on market (Redfin, through May 2026).

How Arkansas compares

Arkansas typical home value, 12-month change, median household income, and value-to-income ratio compared with the United States and neighboring states
MarketTypical value12-mo changeMedian incomeValue / income
Arkansas$227,264+3.6%$58,7733.9x
United States$368,697+1.2%——
Texas$299,367-1.6%$76,2923.9x
Tennessee$334,108+0.7%$67,0975.0x
Missouri$267,879+3.5%$68,9203.9x

The three states above are Arkansas's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Arkansas is the cheapest of this group on a typical-value basis, which is what makes it a destination rather than an origin for cross-state moves.

Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.

Arkansas housing markets by city

361 cities tracked — the 60 largest by population shown

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What to do next in Arkansas

If you are buying

  1. Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Arkansas home is $1,213/mo in P&I today.
  2. Pick the city, not the state. Values across Arkansas run from $40,630 in Helena-West Helena to $751,142 in Goshen.
  3. Put two finalists head to head in the city comparison tool before you tour anything.
  4. Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.

If you are selling

  1. Price against your city, not the statewide figure — the spread between Arkansas markets is wider than the year-over-year move in any of them.
  2. Read the supply table above. At 4.0 months of supply, neither side has leverage, so presentation and pricing accuracy decide the outcome.
  3. Watch days on market in your city, not the state. The statewide median was 53 days (Redfin, through May 2026); your city page carries its own.
  4. Time the listing against new-listing volume. New listings are -5.0% year over year — less competition than a year ago.

Arkansas housing market questions

What is the typical home value in Arkansas?

The typical home value in Arkansas is $227,264 (Zillow, August 2026). That is a +3.6% change over the past 12 months. The median price of homes that actually sold was $275,500 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.

Are Arkansas home prices going up or down?

Arkansas home values are up 3.6% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.

How much income do you need to buy a home in Arkansas?

At the current 30-year fixed rate of 7.03%, a $227,264 home with 20.0% down carries roughly $1,213 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $51,986 before taxes, insurance, HOA dues, or mortgage insurance are added. Arkansas's median household income is $58,773 (Census ACS, 2023), a gap of $6,787 below the median household. These figures are illustrative, not a quote or a pre-approval.

Is it cheaper to rent or buy in Arkansas?

Typical asking rent across the largest Arkansas cities Zillow publishes rent data for is $1,347 a month (median of 39 cities, Zillow, August 2026). Against a typical home value of $227,264, that is a price-to-rent ratio of 14.1x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $134 less than that typical rent each month, before taxes, insurance, and maintenance.

Which Arkansas cities are the most affordable?

Among the largest cities we track in Arkansas, the lowest typical home values are in Helena-West Helena ($40,630), Marvell ($63,302), Earle ($70,358), Pine Bluff ($73,251), Forrest City ($78,031). Values are Zillow's typical-home-value index for August 2026.

Which Arkansas cities are the most expensive?

The highest typical home values among the largest Arkansas cities are in Goshen ($751,142), Elm Springs ($633,085), Cave Springs ($574,342), Little Flock ($515,290), Bentonville ($492,753). Price per square foot, inventory, and days on market for each are on the individual city pages.

Which Arkansas cities are appreciating the fastest?

Over the past 12 months the largest home-value gains among Arkansas cities we track were in Monette (+11.9%), Ashdown (+11.5%), Star City (+10.7%), Lepanto (+10.6%), Cedarville (+9.9%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.

How long do homes take to sell in Arkansas?

Homes in Arkansas spent a median of 53 days on market in the last month Redfin published (Redfin, through May 2026). That is 5 days slower than the same month a year earlier. The quickest market among the state's largest cities was Cedarville at 1 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

How does Arkansas compare to neighboring states?

Arkansas's typical home value of $227,264 compares with Texas at $299,367, Tennessee at $334,108, Missouri at $267,879. The U.S. typical home value is $368,697, putting Arkansas 38.4% below the national figure.

Is now a good time to buy in Arkansas?

That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 4.0 months of supply statewide (Redfin, through May 2026), active listings +0.2% year over year, and home values +3.6% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.

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