Nevada County, Arkansas Housing Market
In Nevada County, Arkansas, the median home value is $83,300, with a median monthly rent of $869. This places Nevada County at #3063 nationally out of 3134 counties by median home value, and #72 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: $1,034
- Establishments: 141
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,848 (avg $48,377)
- Outflow: 2,680 (avg $48,975)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Nevada County Compares
| Metric | Nevada County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $83,300 | $141,465 | $227,706 |
| Median Gross Rent | $869 | $774 | $968 |
| Owner Occupancy Rate | 76.0% | 71.1% | 73.3% |
| Price/Rent Ratio | 8.0 | 15.1 | 18.7 |
Market Analysis
The median home value in Nevada County is 41.1% below the Arkansas state average and 63.4% below the U.S. national average. The median rent of $869/month is 12.3% above the state average.
With a price-to-rent ratio of 8.0, buying a home in Nevada 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.
Nevada County has an owner-occupancy rate of 76.0%, 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 |
|---|---|---|---|
| Covington city | Virginia | $83,500 | $794 |
| Rush County | Kansas | $83,600 | $711 |
| Gallatin County | Illinois | $82,900 | $541 |
| Wyoming County | West Virginia | $82,900 | $650 |
| Harper County | Kansas | $83,800 | $690 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lafayette County | $81,000 | $755 | 79.3% |
| Phillips County | $78,200 | $737 | 51.2% |
| Monroe County | $88,700 | $614 | 62.6% |
| Chicot County | $89,100 | $574 | 69.2% |
| Desha County | $90,900 | $718 | 56.8% |
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).