Miller County, Arkansas Housing Market
In Miller County, Arkansas, the median home value is $153,900, with a median monthly rent of $892. This places Miller County at #2164 nationally out of 3134 counties by median home value, and #27 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: $1,010
- Establishments: 884
- BLS QCEW, 2025
Housing Supply
- Single-family: 29
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,561 (avg $61,668)
- Outflow: 14,657 (avg $62,681)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Miller County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71854 | 229.8 | +0.15% | 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 Miller County Compares
| Metric | Miller County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $153,900 | $141,465 | $227,706 |
| Median Gross Rent | $892 | $774 | $968 |
| Owner Occupancy Rate | 64.4% | 71.1% | 73.3% |
| Price/Rent Ratio | 14.4 | 15.1 | 18.7 |
Market Analysis
The median home value in Miller County is 8.8% above the Arkansas state average and 32.4% below the U.S. national average. The median rent of $892/month is 15.2% above the state average.
With a price-to-rent ratio of 14.4, buying a home in Miller 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.
Miller County has an owner-occupancy rate of 64.4%, 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 |
|---|---|---|---|
| Howard County | Arkansas | $153,900 | $690 |
| Alpena County | Michigan | $153,900 | $673 |
| Greene County | Pennsylvania | $153,900 | $789 |
| Webster County | Iowa | $153,800 | $785 |
| Yazoo County | Mississippi | $153,800 | $790 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Howard County | $153,900 | $690 | 72.5% |
| Conway County | $154,100 | $755 | 74.1% |
| Clark County | $155,000 | $793 | 65.0% |
| Columbia County | $152,100 | $649 | 70.7% |
| Montgomery County | $151,900 | $636 | 80.6% |
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).