West Memphis, AR—72301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Memphis, AR
As of Oct '25, the median home price in West Memphis, AR is $123,000, with a year-over-year change of -2.0%. This indicates that home prices in West Memphis, AR are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $123,000 | -2.0% |
| Single Family | $123,000 | -0.8% |
| 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 | $150,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — West Memphis, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in West Memphis, AR is 58. This is a decrease of -10.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | 5.0% |
Listing Count | 110 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 58 | -10.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — West Memphis, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $123,000 |
| Median Household Income | $41,900 |