Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$46,192−4.1% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 7% have cut their price
Income needed to buy, per year$10,013About 0.3× the local median income ($38,969): affordable for a typical household
Days on market132 daysAbout the same pace as a year ago
The typical home in Phillips County, AR is worth $46,192, down 4.1% from a year ago. That is well below what local incomes have historically supported: fair value is about $73,980, so the area is 37.6% undervalued. It is a buyer's market: homes take about 132 days to sell, listings are up 36% from a year ago, 7% of listings have had a price cut. A household needs about $10,013 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $38,969. In the latest IRS figures, 224 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$46,192
Change in 1 year
−4.1%
Overvalued %
−37.6%
Show 6 more
Fair home value
$73,980
Change in 5 years
−22.5%
Home value to income
1.2×
Monthly mortgage payment (20% down)
$250
Income needed to afford it
$10,013
Property tax rate
0.81%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$909
Market activity
Listings vs a year ago
+35.5%
Days on market
132
Listings with a price cut
6.6%
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Homes for sale
42
Pending sales per 100 listings
24
Asking price per sq ft
$65
People and jobs
Median household income
$38,969
Population change (1 year)
−2.1%
Unemployment rate
14.5%
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Population
14,255
Income adjusted for cost of living
$46,951
Net moves in (IRS)
−224
Cost of living (US = 100)
83.0
Schools, risk and environment
School rating (1 to 10)
1.9
FEMA hazard risk score (0 to 100)
61.7
Flood risk score
46.2
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Wildfire risk score
18.3
Walkability (1 to 20)
6.0
Road, rail and air noise
52 dB
Questions people ask
Is Phillips County, AR overvalued?
Home prices in Phillips County, AR are well below what local incomes have historically supported: fair value is about $73,980, so the area is 37.6% undervalued.
Is Phillips County, AR a buyer's or seller's market?
Phillips County, AR is a buyer's market: homes take about 132 days to sell, listings are up 36% from a year ago, 7% of listings have had a price cut.
Are home prices going down in Phillips County, AR?
Home values in Phillips County, AR are down 4.1% over the last year.
How much do you need to earn to buy a home in Phillips County, AR?
A household needs about $10,013 a year to afford the typical home in Phillips County, AR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $38,969.