Paragould, Arkansas Housing Market Prices
Paragould 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 140% above the Arkansas median$268,486
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Median rent 2% below the Arkansas median$925
Housing Market Overview
| Metric | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $268,486 | $111,957 | $248,835 |
| Price Trend (Annual %) | 38.0% | 3.4% | 7.5% |
| Median Gross Rent | $925 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Paragould is about 140% higher than in Arkansas. Rent is about 2% 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 Paragould, up about 38.0% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Paragould rose about 38.5% between 2015 and 2024, from $668 to $925. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Paragould.
Buying the median-priced home in Paragould costs roughly 24.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Paragould. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $268,486 | $111,957 | $248,835 |
| Median Household Income | $56,510 | $60,940 | $80,455 |
| Price-to-Income Ratio | 4.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Paragould rose about 573.4%, while median household income rose about 43.0% 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 | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.4% | 57.4% | 58.5% |
| Rental Rate | 42.9% | 29.0% | 31.2% |
| Vacancy Rate | 7.7% | 13.5% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Paragould has a homeownership rate of 49.4%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 7.7%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Paragould was built around 1989. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Paragould, Arkansas.
What is the median home price in Paragould, Arkansas?
The median home price in Paragould, Arkansas is $268,486, higher than the Arkansas average of $111,957.
What is the average home price in Paragould, Arkansas?
The typical home price in Paragould, Arkansas, reported as the median sale price, is $268,486. 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 Paragould, Arkansas?
The median gross rent in Paragould, Arkansas is $925 per month, lower than the Arkansas average of $947.
What was the median gross rent in Paragould in 2020?
In 2020, the median gross rent in Paragould, Arkansas was $735 per month.
What is the price-to-rent ratio in Paragould, Arkansas?
The price-to-rent ratio in Paragould, Arkansas is about 24.2, meaning it would take roughly 24.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Paragould.
Are home prices or rent rising faster in Paragould, Arkansas?
Both home prices and rent are rising in Paragould, up about 38.0% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Paragould, Arkansas?
49.4% of households in Paragould, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Paragould, Arkansas?
The housing vacancy rate in Paragould, Arkansas is 7.7%, lower than the Arkansas average of 13.5%.
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