Phillips County, Arkansas Housing Market
In Phillips County, Arkansas, the median home value is $78,200, with a median monthly rent of $737. This places Phillips County at #3095 nationally out of 3134 counties by median home value, and #74 within Arkansas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2024
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $815
- Establishments: 521
- BLS QCEW, 2025
Housing Supply
- Single-family: 0
- Multi-family: 3
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,450 (avg $42,054)
- Outflow: 5,202 (avg $42,767)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Phillips County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 72342 | 110.8 | -3.36% | 2022 |
| 2 | 72390 | 120.0 | +6.61% | 2021 |
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 Phillips County Compares
| Metric | Phillips County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $78,200 | $141,465 | $227,706 |
| Median Gross Rent | $737 | $774 | $968 |
| Owner Occupancy Rate | 51.2% | 71.1% | 73.3% |
| Price/Rent Ratio | 8.8 | 15.1 | 18.7 |
Market Analysis
The median home value in Phillips County is 44.7% below the Arkansas state average and 65.7% below the U.S. national average. The median rent of $737/month is 4.8% below the state average.
With a price-to-rent ratio of 8.8, buying a home in Phillips 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.
Phillips County has an owner-occupancy rate of 51.2%, 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 |
|---|---|---|---|
| Garza County | Texas | $77,800 | $838 |
| Fisher County | Texas | $78,600 | $601 |
| McKinley County | New Mexico | $78,700 | $859 |
| Atkinson County | Georgia | $79,000 | $657 |
| Fulton County | Kentucky | $79,100 | $570 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lafayette County | $81,000 | $755 | 79.3% |
| Lee County | $75,300 | $667 | 59.0% |
| Nevada County | $83,300 | $869 | 76.0% |
| Monroe County | $88,700 | $614 | 62.6% |
| Chicot County | $89,100 | $574 | 69.2% |
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).