Boone County, Arkansas Housing Market
In Boone County, Arkansas, the median home value is $188,900, with a median monthly rent of $733. This places Boone County at #1532 nationally out of 3134 counties by median home value, and #10 within Arkansas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $941
- Establishments: 964
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 128
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,341 (avg $61,932)
- Outflow: 13,265 (avg $62,363)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Boone County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 72601 | 239.1 | +1.85% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Boone County Compares
| Metric | Boone County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $188,900 | $141,465 | $227,706 |
| Median Gross Rent | $733 | $774 | $968 |
| Owner Occupancy Rate | 70.8% | 71.1% | 73.3% |
| Price/Rent Ratio | 21.5 | 15.1 | 18.7 |
Market Analysis
The median home value in Boone County is 33.5% above the Arkansas state average and 17.0% below the U.S. national average. The median rent of $733/month is 5.3% below the state average.
With a price-to-rent ratio of 21.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Boone County has an owner-occupancy rate of 70.8%, compared to 71.1% in Arkansas and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Black Hawk County | Iowa | $188,900 | $989 |
| Kalkaska County | Michigan | $188,900 | $853 |
| Coos County | New Hampshire | $188,900 | $876 |
| Craig County | Virginia | $189,000 | $713 |
| Petersburg city | Virginia | $189,000 | $1,174 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lonoke County | $193,600 | $1,025 | 75.0% |
| Garland County | $194,300 | $966 | 69.4% |
| Crawford County | $182,800 | $851 | 75.5% |
| Cleburne County | $179,800 | $859 | 80.6% |
| Madison County | $178,100 | $729 | 79.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).