Palestine, AR—72372
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palestine, AR
As of Oct '25, the median home price in Palestine, AR is $123,000, with a year-over-year change of -1.0%. This indicates that home prices in Palestine, AR are flat. According to Zillow, the 1-year price projection is -3.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $123,000 | -1.0% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palestine, AR
Palestine, 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 — Palestine, AR
Palestine, 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 | 0.6% | N/A |
Days on Market | N/A | N/A |
Demographics — Palestine, AR
As of the latest ACS Survey released in 2023, Palestine, AR has a population of 1,700, which has decreased by -16.9% over the past 5 years. Palestine, AR is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,700 | -16.9% |
% Under 18 | 25.8% | 35.1% |
% Seniors | 25.1% | 2.0% |
% WFH | 2.7% | -60.3% |
% w/ College Degree | 13.1% | 23.6% |
As of the latest ACS Survey released in 2023, Palestine, AR is a predominantly white area, with 71.1% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Palestine, AR is black, making up 25.7% of the population. Foreign-born residents account for 2.5% of the population in Palestine, AR, and this percentage has increased by 38.9% 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 | 71.1% | 0.9% |
% Black | 25.7% | -3.4% |
% Hispanic | 0.5% | -77.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.5% | 38.9% |
Mortgage and Risk — Palestine, AR
According to HUD data as of 2023, there were 11 mortgage originations in Palestine, AR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 88.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Palestine, AR. Investor activity is low, as 0.0% 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 | 11 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Palestine, AR
Palestine, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 6 |
% 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 | $660 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,150 |
Affordability — Palestine, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $123,000 |
| Median Household Income | $50,900 |