Craighead County, Arkansas Housing Market
In Craighead County, Arkansas, the median home value is $210,400, with a median monthly rent of $958. This places Craighead County at #1297 nationally out of 3134 counties by median home value, and #6 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: $1,023
- Establishments: 3,006
- BLS QCEW, 2025
Housing Supply
- Single-family: 580
- Multi-family: 393
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 39,915 (avg $75,175)
- Outflow: 37,720 (avg $76,711)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Craighead County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 72416 | 251.1 | +8.09% | 2025 |
| 2 | 72401 | 213.6 | +4.29% | 2025 |
| 3 | 72450 | 204.5 | +1.72% | 2025 |
| 4 | 72405 | 206.0 | +3.52% | 2025 |
| 5 | 72404 | 191.6 | +1.81% | 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 Craighead County Compares
| Metric | Craighead County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $210,400 | $141,465 | $227,706 |
| Median Gross Rent | $958 | $774 | $968 |
| Owner Occupancy Rate | 60.1% | 71.1% | 73.3% |
| Price/Rent Ratio | 18.3 | 15.1 | 18.7 |
Market Analysis
The median home value in Craighead County is 48.7% above the Arkansas state average and 7.6% below the U.S. national average. The median rent of $958/month is 23.8% above the state average.
With a price-to-rent ratio of 18.3, the buy-vs-rent decision in Craighead County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Craighead County has an owner-occupancy rate of 60.1%, 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 |
|---|---|---|---|
| Carroll County | Arkansas | $210,400 | $856 |
| Elkhart County | Indiana | $210,400 | $1,047 |
| Marquette County | Wisconsin | $210,400 | $800 |
| Mercer County | Ohio | $210,600 | $804 |
| Lincoln Parish | Louisiana | $210,100 | $825 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Carroll County | $210,400 | $856 | 77.5% |
| Pulaski County | $214,700 | $1,080 | 57.0% |
| Saline County | $221,200 | $1,033 | 78.2% |
| Garland County | $194,300 | $966 | 69.4% |
| Lonoke County | $193,600 | $1,025 | 75.0% |
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).