Faulkner County, Arkansas Housing Market
In Faulkner County, Arkansas, the median home value is $232,700, with a median monthly rent of $1,005. This places Faulkner County at #1048 nationally out of 3134 counties by median home value, and #3 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: $983
- Establishments: 3,304
- BLS QCEW, 2025
Housing Supply
- Single-family: 400
- Multi-family: 303
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 46,402 (avg $74,815)
- Outflow: 43,524 (avg $75,867)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Faulkner County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 72106 | 216.0 | -11.32% | 2025 |
| 2 | 72173 | 234.6 | +7.12% | 2025 |
| 3 | 72058 | 243.7 | +8.77% | 2025 |
| 4 | 72076 | 226.2 | +6.92% | 2025 |
| 5 | 72032 | 239.9 | +1.93% | 2025 |
| 6 | 72120 | 200.7 | -1.45% | 2025 |
| 7 | 72034 | 230.5 | +3.55% | 2025 |
| 8 | 72023 | 193.8 | -0.98% | 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 Faulkner County Compares
| Metric | Faulkner County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $232,700 | $141,465 | $227,706 |
| Median Gross Rent | $1,005 | $774 | $968 |
| Owner Occupancy Rate | 62.3% | 71.1% | 73.3% |
| Price/Rent Ratio | 19.3 | 15.1 | 18.7 |
Market Analysis
The median home value in Faulkner County is 64.5% above the Arkansas state average and 2.2% above the U.S. national average. The median rent of $1,005/month is 29.8% above the state average.
With a price-to-rent ratio of 19.3, the buy-vs-rent decision in Faulkner County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Faulkner County has an owner-occupancy rate of 62.3%, 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 |
|---|---|---|---|
| Mountrail County | North Dakota | $232,700 | $950 |
| Sheboygan County | Wisconsin | $232,700 | $934 |
| Jefferson County | Florida | $232,600 | $898 |
| Bartholomew County | Indiana | $232,800 | $1,127 |
| Sequatchie County | Tennessee | $232,600 | $818 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Saline County | $221,200 | $1,033 | 78.2% |
| Pulaski County | $214,700 | $1,080 | 57.0% |
| Craighead County | $210,400 | $958 | 60.1% |
| Carroll County | $210,400 | $856 | 77.5% |
| Garland County | $194,300 | $966 | 69.4% |
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).