Nevada County, Arkansas Housing Market Prices
Nevada County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 54% below the Arkansas median Cheaper than 73% of counties in Arkansas$51,081
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Median rent 8% below the Arkansas median More expensive than 82% of counties in Arkansas$869
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,081 | $111,957 | $248,835 |
| Price Trend (Annual %) | 30.2% | 3.4% | 7.5% |
| Median Gross Rent | $869 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nevada County is about 54% lower than in Arkansas. Rent is about 8% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Nevada County, up about 30.2% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Nevada County rose about 36.9% between 2015 and 2024, from $635 to $869. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Nevada County.
Buying the median-priced home in Nevada County costs roughly 4.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Nevada County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,081 | $111,957 | $248,835 |
| Median Household Income | $54,239 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nevada County rose about 85.6%, while median household income rose about 44.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 57.4% | 58.5% |
| Rental Rate | 18.1% | 29.0% | 31.2% |
| Vacancy Rate | 24.5% | 13.5% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Nevada County has a homeownership rate of 57.4%, about the same as the Arkansas average of 57.4%. Its housing vacancy rate is 24.5%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1982 | 1987 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Nevada County was built around 1982. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Nevada County, AR Housing Compared With Nearby Counties
Nevada County, AR is the smallest of the 5 counties compared here, 8,159 residents against a local median of 21,605. Nevada County, AR's median home price, at $51,081, runs 88% above the $27,137 typical of the counties around it.
The counties themselves spread $59,728 on median home price, so Nevada County, AR sits at one end of an already wide local range rather than apart from it. Nevada County, AR has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Nevada County, AR | 8,159 | $51,081 #2/5 | $869 #1/5 | 76.0% #1/5 |
| Hempstead County, AR | 19,508 | $26,491 | $815 | 71.7% |
| Clark County, AR | 21,125 | $26,775 | $792 | 65.0% |
| Ouachita County, AR | 22,085 | $86,219 | $763 | 70.9% |
| Columbia County, AR | 22,349 | $27,499 | $648 | 70.7% |
Frequently Asked Questions
Common questions about the housing market in Nevada County, Arkansas.
What is the median home price in Nevada County, Arkansas?
The median home price in Nevada County, Arkansas is $51,081, lower than the Arkansas average of $111,957.
What is the average home price in Nevada County, Arkansas?
The typical home price in Nevada County, Arkansas, reported as the median sale price, is $51,081. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Nevada County, Arkansas?
The median gross rent in Nevada County, Arkansas is $869 per month, lower than the Arkansas average of $947.
What was the median gross rent in Nevada County in 2020?
In 2020, the median gross rent in Nevada County, Arkansas was $716 per month.
What is the price-to-rent ratio in Nevada County, Arkansas?
The price-to-rent ratio in Nevada County, Arkansas is about 4.9, meaning it would take roughly 4.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Nevada County.
Are home prices or rent rising faster in Nevada County, Arkansas?
Both home prices and rent are rising in Nevada County, up about 30.2% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nevada County, Arkansas?
57.4% of households in Nevada County, Arkansas own their home, about the same as the Arkansas average.
What is the vacancy rate in Nevada County, Arkansas?
The housing vacancy rate in Nevada County, Arkansas is 24.5%, higher than the Arkansas average of 13.5%.
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