Union County, Arkansas Housing Market
In Union County, Arkansas, the median home value is $120,900, with a median monthly rent of $847. This places Union County at #2622 nationally out of 3134 counties by median home value, and #46 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: $1,245
- Establishments: 1,128
- BLS QCEW, 2025
Housing Supply
- Single-family: 19
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,306 (avg $71,415)
- Outflow: 13,669 (avg $72,003)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Union County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71730 | 178.1 | +1.01% | 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 Union County Compares
| Metric | Union County | Arkansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $120,900 | $141,465 | $227,706 |
| Median Gross Rent | $847 | $774 | $968 |
| Owner Occupancy Rate | 72.7% | 71.1% | 73.3% |
| Price/Rent Ratio | 11.9 | 15.1 | 18.7 |
Market Analysis
The median home value in Union County is 14.5% below the Arkansas state average and 46.9% below the U.S. national average. The median rent of $847/month is 9.4% above the state average.
With a price-to-rent ratio of 11.9, buying a home in Union 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.
Union County has an owner-occupancy rate of 72.7%, 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 |
|---|---|---|---|
| Cowley County | Kansas | $120,900 | $809 |
| Trego County | Kansas | $120,900 | $720 |
| Jackson County | Florida | $120,800 | $865 |
| Monroe County | Mississippi | $120,800 | $768 |
| Cambria County | Pennsylvania | $121,000 | $739 |
Other Counties in Arkansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pike County | $121,600 | $686 | 75.0% |
| Mississippi County | $122,500 | $830 | 60.0% |
| Sevier County | $117,600 | $751 | 67.6% |
| Cross County | $117,500 | $764 | 67.5% |
| Scott County | $115,000 | $722 | 78.1% |
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).