Monroe County, Arkansas Housing Market
In Monroe County, Arkansas, the median home value is $88,700, with a median monthly rent of $614. This places Monroe County at #3029 nationally out of 3134 counties by median home value, and #71 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: $841
- Establishments: 200
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,303 (avg $44,595)
- Outflow: 2,245 (avg $45,259)
- IRS Statistics of Income
📝 Editor's Insight
None
How Monroe County Compares
| Metric | Monroe County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $88,700 | $141,465 | $227,706 |
| Median Gross Rent | $614 | $774 | $968 |
| Owner Occupancy Rate | 62.6% | 71.1% | 73.3% |
| Price/Rent Ratio | 12.0 | 15.1 | 18.7 |
Market Analysis
The median home value in Monroe County is 37.3% below the Arkansas state average and 61.0% below the U.S. national average. The median rent of $614/month is 20.7% below the state average.
With a price-to-rent ratio of 12.0, buying a home in Monroe 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.
Monroe County has an owner-occupancy rate of 62.6%, 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 |
|---|---|---|---|
| Greenwood County | Kansas | $88,700 | $715 |
| Hancock County | Georgia | $88,600 | $938 |
| Cameron County | Pennsylvania | $88,900 | $689 |
| Franklin County | Illinois | $89,000 | $803 |
| Rooks County | Kansas | $89,000 | $676 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Chicot County | $89,100 | $574 | 69.2% |
| Desha County | $90,900 | $718 | 56.8% |
| St. Francis County | $90,900 | $779 | 55.5% |
| Ashley County | $91,900 | $703 | 70.8% |
| Nevada County | $83,300 | $869 | 76.0% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).