Forrest City, AR 72335 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Forrest City, AR—72335

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$76,000

8.9% YoY Growth

Household Income

$39,000

7.5% YoY Growth

Days on Market

46.0% Longer YoY

Home Price Forecast

-4.5%

Median Rent

$950

58.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$950

N/A

Home Price Trends — Forrest City, AR

As of May '26, the median home price in Forrest City, AR is $76,000, with a year-over-year change of -8.9%. This indicates that home prices in Forrest City, AR are decreasing. According to Zillow, the 1-year price projection is -4.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$76,000	-8.9%
Single Family	$75,000	-8.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

1.4%

1 Bedroom

8.8%

2 Bedrooms

41.5%

3 Bedrooms

38.9%

4 Bedrooms

9.2%

5+ Bedrooms

0.1%

Property Listings — Forrest City, AR

As of May '26, Realtor.com reports that the median days on market for a home in Forrest City, AR is 61. This is a increase of 46.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$130,000	17.0%
Listing Count	36	23.0%
Listings as % of Homes	0.5%	23.0%
Days on Market	61	46.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Forrest City, AR—72335

Key Metrics at a Glance

Home Price Trends — Forrest City, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forrest City, AR

% of Rental Stock

Property Listings — Forrest City, AR

Demographics — Forrest City, AR

Race and Ethnicity

Mortgage and Risk — Forrest City, AR

Mortgages

Rentals and Section 8 — Forrest City, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — Forrest City, AR

Home Price to Income Ratio

Forrest City, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Madison

Round Pond, AR

Colt, AR

Palestine, AR

Wynne, AR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.9
Median Home Price	$76,000
Median Household Income	$39,000

Forrest City, AR—72335

Key Metrics at a Glance

Home Price Trends — Forrest City, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forrest City, AR

% of Rental Stock

Property Listings — Forrest City, AR

Demographics — Forrest City, AR

Race and Ethnicity

Mortgage and Risk — Forrest City, AR

Mortgages

Rentals and Section 8 — Forrest City, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — Forrest City, AR

Home Price to Income Ratio

Forrest City, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Madison

Round Pond, AR

Colt, AR

Palestine, AR

Wynne, AR

Frequently Asked Questions

What is the average home price in Forrest City, AR 72335?

How have home prices in Forrest City, AR 72335 changed over the past year?

What is the home price projection for Forrest City, AR 72335?

What are the demographics of Forrest City, AR 72335?

How long does it take homes to sell in Forrest City, AR 72335?

What is the average rent price in Forrest City, AR 72335?