Alexander, AR—72002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alexander, AR
As of Oct '25, the median home price in Alexander, AR is $244,000, with a year-over-year change of 0.8%. This indicates that home prices in Alexander, AR are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 0.8% |
| Single Family | $244,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $223,000 | 1.8% |
4 Bed | $359,000 | 1.4% |
| 5 Bed | $571,000 | 0.9% |
% of Housing Stock
Rental Trends — Alexander, AR
As of July '25, Rentcast reports the average rent in Alexander, AR is $1,780, with a year-over-year rent change of 10.6%. Per bedroom, the median rent as of July '25 in Alexander, AR is 1-bedrooms: $1,080, 2-bedrooms: $838, 3-bedrooms: $1,700, 4-bedrooms: $1,950. The most common rental property sizes in Alexander, AR are 3-bedroom and 2-bedroom, accounting for 45.2% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,080 |
| 2 Bed Rent | $800 | $838 |
| 3 Bed Rent | $1,600 | $1,700 |
| 4 Bed Rent | $1,700 | $1,950 |
% of Rental Stock
Property Listings — Alexander, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Alexander, AR is 48. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 0.0% |
Listing Count | 114 | -4.0% |
| Listings as % of Homes | 0.8% | -4.0% |
Days on Market | 48 | 23.0% |
Demographics — Alexander, AR
As of the latest ACS Survey released in 2023, Alexander, AR has a population of 21,400, which has increased by 23.3% over the past 5 years. Alexander, AR is a popular place for families, as children make up 29.2% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | 23.3% |
% Under 18 | 29.2% | 11.9% |
% Seniors | 11.6% | 22.1% |
% WFH | 10.8% | 350.0% |
% w/ College Degree | 28.0% | 11.6% |
As of the latest ACS Survey released in 2023, Alexander, AR is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in Alexander, AR is black, making up 20.3% of the population. Foreign-born residents account for 5.8% of the population in Alexander, AR, and this percentage has increased by 11.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.0% | -12.9% |
% Black | 20.3% | 55.0% |
% Hispanic | 9.8% | 4.3% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 5.8% | 11.5% |
Mortgage and Risk — Alexander, AR
According to HUD data as of 2023, there were 387 mortgage originations in Alexander, AR, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Alexander, AR. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 387 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Alexander, AR
As of 2024, the percent of homes in Alexander, AR under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Alexander, AR, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,080 | $870 |
| 2 Bedroom | $210 | $800 | $1,010 |
| 3 Bedroom | -$250 | $1,600 | $1,350 |
| 4 Bedroom | -$110 | $1,700 | $1,590 |
Affordability — Alexander, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $244,000 |
| Median Household Income | $78,300 |