Madison County, Arkansas Housing Market
In Madison County, Arkansas, the median home value is $178,100, with a median monthly rent of $729. This places Madison County at #1666 nationally out of 3134 counties by median home value, and #13 within Arkansas.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $906
- Establishments: 270
- BLS QCEW, 2025
Housing Supply
- Single-family: 22
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,355 (avg $57,257)
- Outflow: 5,838 (avg $56,730)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Madison County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 72703 | 316.3 | +0.54% | 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.
📝 Local Market Notes
Madison County, Arkansas, exhibits characteristics of a balanced market with a slight tilt toward buyers, driven by affordability metrics that align closely with national averages. The price-to-income ratio stands at 3.14, marginally below the national benchmark of 3.20, while the rent burden is 15.4%, significantly lower than the national average of 17.2%. These figures suggest that both purchasing and renting remain financially accessible relative to local earning power. However, the price-to-rent ratio of 20.4 exceeds the national average of 18.7, indicating that ownership costs are becoming relatively more expensive compared to rental alternatives, a divergence that warrants attention for long-term financial planning. The market has experienced substantial appreciation, with median home values rising from $108,500 in 2017 to $178,100 in 2024. This trajectory includes a peak year-over-year increase of 22.1% in 2022, moderating to 12.9% in 2024. While home values have surged, median gross rent has remained comparatively stable, creating a widening gap between asset growth and rental costs. This divergence suggests that the primary driver of market activity is owner-occupancy demand rather than rental pressure. The county’s home values are 21.8% below the national average but 25.9% above the Arkansas state average, positioning Madison County as a premium market within its state despite its smaller economic scale. Economic fundamentals support this sustained growth. Local employment totals 2,957 jobs with an average weekly wage of $906, translating to an annualized wage that supports the median household income of $56,798. Migration data from 2021-2022 shows a net inflow of 517 filers, with incoming residents earning an average of $57,257, slightly above outgoing residents at $56,730, indicating a modest but positive demographic shift. Housing supply remains constrained, with only 22 new single-family units authorized in 2025 and zero multi-family permits, limiting new inventory. With the 30-year fixed mortgage rate at 7.40%, financing costs remain elevated, yet the low price-to-income ratio mitigates some of this pressure. Potential buyers should note that while current affordability is strong, the rapid appreciation trend and limited new construction suggest that entry-level pricing may continue to shift upward, while renters benefit from a low burden relative to income.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $178,100 | $141,465 | $227,706 |
| Median Gross Rent | $729 | $774 | $968 |
| Owner Occupancy Rate | 79.5% | 71.1% | 73.3% |
| Price/Rent Ratio | 20.4 | 15.1 | 18.7 |
Market Analysis
The median home value in Madison County is 25.9% above the Arkansas state average and 21.8% below the U.S. national average. The median rent of $729/month is 5.8% below the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Madison County has an owner-occupancy rate of 79.5%, compared to 71.1% in Arkansas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Barren County | Kentucky | $178,000 | $796 |
| Gallatin County | Kentucky | $178,200 | $832 |
| Jackson County | Indiana | $178,300 | $1,004 |
| Delaware County | Iowa | $177,900 | $764 |
| St. Joseph County | Michigan | $178,300 | $849 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Cleburne County | $179,800 | $859 | 80.6% |
| Sebastian County | $176,200 | $886 | 61.4% |
| Baxter County | $174,600 | $846 | 75.2% |
| Crawford County | $182,800 | $851 | 75.5% |
| Stone County | $171,600 | $626 | 75.9% |
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).