Forrest City, AR—72335
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forrest City, AR
As of Oct '25, the median home price in Forrest City, AR is $68,000, with a year-over-year change of -3.8%. This indicates that home prices in Forrest City, AR are decreasing. According to Zillow, the 1-year price projection is -5.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $68,000 | -3.8% |
| Single Family | $68,000 | -4.2% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forrest City, AR
As of July '25, Rentcast reports the average rent in Forrest City, AR is $950, with a year-over-year rent change of 58.3%. Per bedroom, the median rent as of July '25 in Forrest City, AR is 3-bedrooms: $950. The most common rental property sizes in Forrest City, AR are 2-bedroom and 3-bedroom, accounting for 41.5% and 38.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Forrest City, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Forrest City, AR is 91. This is a decrease of -24.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $129,000 | 23.0% |
Listing Count | 34 | -18.0% |
| Listings as % of Homes | 0.5% | -18.0% |
Days on Market | 91 | -24.0% |
Demographics — Forrest City, AR
As of the latest ACS Survey released in 2023, Forrest City, AR has a population of 16,500, which has decreased by -13.2% over the past 5 years. Forrest City, AR is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | -13.2% |
% Under 18 | 21.9% | -4.4% |
% Seniors | 14.4% | 13.4% |
% WFH | 2.9% | -45.3% |
% w/ College Degree | 13.8% | 40.8% |
As of the latest ACS Survey released in 2023, Forrest City, AR is a predominantly black area, with 62.6% of the population identifying as black. The black population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Forrest City, AR is white, making up 32.5% of the population. Foreign-born residents account for 2.4% of the population in Forrest City, AR, and this percentage has increased by 41.2% 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 | 32.5% | -5.2% |
% Black | 62.6% | 2.5% |
% Hispanic | 3.4% | 21.4% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 2.4% | 41.2% |
Mortgage and Risk — Forrest City, AR
According to HUD data as of 2023, there were 96 mortgage originations in Forrest City, AR, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Forrest City, AR. Investor activity is high, as 21.0% 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 | 96 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 21.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Forrest City, AR
Forrest City, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 990 |
Total Units Section 8 | 628 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | $230 | $950 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Forrest City, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $68,000 |
| Median Household Income | $39,000 |