West Memphis, AR 72301 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

West Memphis, AR—72301

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$126,000

0.6% YoY Growth

Household Income

$41,900

32.1% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

0.7%

Median Rent

$1,250

46.5% YoY Growth

1-Bed Rent

$600

0.5% YoY Growth

2-Bed Rent

$800

21.4% YoY Growth

3-Bed Rent

$1,500

53.1% YoY Growth

Home Price Trends — West Memphis, AR

As of Dec '25, the median home price in West Memphis, AR is $126,000, with a year-over-year change of -0.6%. This indicates that home prices in West Memphis, 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	$126,000	-0.6%
Single Family	$126,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — West Memphis, AR

As of July '25, Rentcast reports the average rent in West Memphis, AR is $1,280, with a year-over-year rent change of 46.5%. Per bedroom, the median rent as of July '25 in West Memphis, AR is 1-bedrooms: $600, 2-bedrooms: $878, 3-bedrooms: $1,520, 4-bedrooms: $1,170. The most common rental property sizes in West Memphis, AR are 2-bedroom and 3-bedroom, accounting for 48.0% and 34.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,250	$1,280
Studio Rent	N/A	N/A
1 Bed Rent	$600	$600
2 Bed Rent	$800	$878
3 Bed Rent	$1,500	$1,520
4 Bed Rent	$1,250	$1,170

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% of Rental Stock

Studio

0.9%

1 Bedroom

12.1%

2 Bedrooms

48.0%

3 Bedrooms

34.6%

4 Bedrooms

4.2%

5+ Bedrooms

0.2%

Property Listings — West Memphis, AR

As of Dec '25, Realtor.com reports that the median days on market for a home in West Memphis, AR is 60. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$150,000	-12.0%
Listing Count	111	24.0%
Listings as % of Homes	0.6%	24.0%
Days on Market	66	-11.0%

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Demographics — West Memphis, AR

As of the latest ACS Survey released in 2023, West Memphis, AR has a population of 24,200, which has decreased by -1.2% over the past 5 years. West Memphis, AR is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,200	-1.2%
% Under 18	26.2%	-7.4%
% Seniors	15.8%	19.7%
% WFH	5.9%	321.4%
% w/ College Degree	14.8%	4.2%

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As of the latest ACS Survey released in 2023, West Memphis, AR is a predominantly black area, with 63.8% of the population identifying as black. The black population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in West Memphis, AR is white, making up 29.1% of the population. Foreign-born residents account for 0.9% of the population in West Memphis, AR, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	29.1%	-13.4%
% Black	63.8%	6.5%
% Hispanic	1.9%	35.7%
% Asian	0.4%	-20.0%
% Foreign Born	0.9%	-25.0%

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Mortgage and Risk — West Memphis, AR

According to HUD data as of 2023, there were 294 mortgage originations in West Memphis, AR, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in West Memphis, AR. Investor activity is low, as 14.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	294
% Conventional Loans	51.0%
% Government Loans	49.0%
% Investor Loans	14.0%
% Second Loans	4.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — West Memphis, AR

As of 2024, the percent of homes in West Memphis, AR under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In West Memphis, AR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	1,249
Total Units Section 8	850
% Rentals under Section 8	15.9%
% Occupied Section 8	89.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$440	$600	$1,040
2 Bedroom	$370	$800	$1,170
3 Bedroom	$40	$1,500	$1,540
4 Bedroom	$550	$1,250	$1,800

West Memphis, AR—72301

Key Metrics at a Glance

Home Price Trends — West Memphis, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — West Memphis, AR

% of Rental Stock

Property Listings — West Memphis, AR

Demographics — West Memphis, AR

Race and Ethnicity

Mortgage and Risk — West Memphis, AR

Mortgages

Rentals and Section 8 — West Memphis, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — West Memphis, AR

Home Price to Income Ratio

West Memphis, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Marion, AR

Westwood, Memphis, TN

Downtown, Memphis, TN

Edmondson

Downtown South, Memphis, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$126,000
Median Household Income	$41,900

West Memphis, AR—72301

Key Metrics at a Glance

Home Price Trends — West Memphis, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — West Memphis, AR

% of Rental Stock

Property Listings — West Memphis, AR

Demographics — West Memphis, AR

Race and Ethnicity

Mortgage and Risk — West Memphis, AR

Mortgages

Rentals and Section 8 — West Memphis, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — West Memphis, AR

Home Price to Income Ratio

West Memphis, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Marion, AR

Westwood, Memphis, TN

Downtown, Memphis, TN

Edmondson

Downtown South, Memphis, TN

Frequently Asked Questions

What is the average home price in West Memphis, AR 72301?

How have home prices in West Memphis, AR 72301 changed over the past year?

What is the home price projection for West Memphis, AR 72301?

What are the demographics of West Memphis, AR 72301?

How long does it take homes to sell in West Memphis, AR 72301?

What is the average rent price in West Memphis, AR 72301?