Hempstead County, Arkansas Housing Market
In Hempstead County, Arkansas, the median home value is $105,700, with a median monthly rent of $815. This places Hempstead County at #2844 nationally out of 3134 counties by median home value, and #57 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: $890
- Establishments: 446
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,194 (avg $49,030)
- Outflow: 6,935 (avg $49,362)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Hempstead County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71852 | 222.2 | +5.66% | 2025 |
| 2 | 71801 | 200.2 | -7.37% | 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 Hempstead County Compares
| Metric | Hempstead County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $105,700 | $141,465 | $227,706 |
| Median Gross Rent | $815 | $774 | $968 |
| Owner Occupancy Rate | 71.7% | 71.1% | 73.3% |
| Price/Rent Ratio | 10.8 | 15.1 | 18.7 |
Market Analysis
The median home value in Hempstead County is 25.3% below the Arkansas state average and 53.6% below the U.S. national average. The median rent of $815/month is 5.3% above the state average.
With a price-to-rent ratio of 10.8, buying a home in Hempstead County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Hempstead County has an owner-occupancy rate of 71.7%, 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 |
|---|---|---|---|
| Grant County | Oklahoma | $105,700 | $853 |
| Irwin County | Georgia | $105,600 | $865 |
| Fayette County | West Virginia | $105,800 | $788 |
| Mitchell County | Georgia | $106,000 | $797 |
| Jefferson County | Georgia | $105,400 | $731 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sharp County | $105,100 | $766 | 78.8% |
| Woodruff County | $106,500 | $613 | 64.7% |
| Lincoln County | $108,000 | $744 | 76.1% |
| Poinsett County | $103,000 | $619 | 64.4% |
| Ouachita County | $102,100 | $764 | 70.9% |
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).