Elaine, AR—72333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elaine, AR
As of Oct '25, the median home price in Elaine, AR is $65,000, with a year-over-year change of 2.0%. This indicates that home prices in Elaine, AR are increasing. According to Zillow, the 1-year price projection is -10.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $65,000 | 2.0% |
| Single Family | $65,000 | -1.5% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elaine, AR
Elaine, AR lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elaine, AR
Elaine, AR lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Elaine, AR
As of the latest ACS Survey released in 2023, Elaine, AR has a population of 264, which has decreased by -62.8% over the past 5 years. Elaine, AR is a less popular place for families, as children make up 12.9% of the population. The area has a poorly educated workforce, with 5.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 264 | -62.8% |
% Under 18 | 12.9% | -61.0% |
% Seniors | 36.7% | 128.0% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 5.3% | 3.9% |
As of the latest ACS Survey released in 2023, Elaine, AR is a predominantly black area, with 61.0% of the population identifying as black. The black population has grown by 17.3% in the last 5 years. The second most common race or ethnicity in Elaine, AR is white, making up 33.7% of the population. Foreign-born residents account for 0.0% of the population in Elaine, AR, and this percentage has decreased by 100.0% 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 | 33.7% | -14.5% |
% Black | 61.0% | 17.3% |
% Hispanic | 3.0% | -44.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Elaine, AR
According to HUD data as of 2023, there were 4 mortgage originations in Elaine, AR, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Elaine, AR. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 4 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Elaine, AR
Elaine, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $650 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Elaine, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $65,000 |
| Median Household Income | $42,000 |