Jonesboro, AR—72404
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Jonesboro, AR
Home Price Trends — Jonesboro, AR
As of Oct '25, the median home price in Jonesboro, AR is $259,000, with a year-over-year change of 1.1%. This indicates that home prices in Jonesboro, AR are increasing. 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 | $259,000 | 1.1% |
| Single Family | $260,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | 4.0% |
3 Bed | $224,000 | 2.3% |
4 Bed | $343,000 | 2.4% |
| 5 Bed | $521,000 | 1.6% |
% of Housing Stock
Rental Trends — Jonesboro, AR
As of July '25, Rentcast reports the average rent in Jonesboro, AR is $1,490, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Jonesboro, AR is 1-bedrooms: $786, 2-bedrooms: $1,050, 3-bedrooms: $1,650, 4-bedrooms: $1,820. The most common rental property sizes in Jonesboro, AR are 2-bedroom and 3-bedroom, accounting for 61.9% and 16.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $720 | $786 |
| 2 Bed Rent | $875 | $1,050 |
| 3 Bed Rent | $1,600 | $1,650 |
| 4 Bed Rent | $1,650 | $1,820 |
% of Rental Stock
Property Listings — Jonesboro, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Jonesboro, AR is 61. This is a increase of 9.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | 10.0% |
Listing Count | 204 | 0.0% |
| Listings as % of Homes | 0.7% | 0.0% |
Days on Market | 61 | 9.0% |
Demographics — Jonesboro, AR
As of the latest ACS Survey released in 2023, Jonesboro, AR has a population of 29,700, which has increased by 12.6% over the past 5 years. Jonesboro, AR is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,700 | 12.6% |
% Under 18 | 22.5% | -14.4% |
% Seniors | 15.3% | 39.1% |
% WFH | 5.0% | 85.2% |
% w/ College Degree | 34.2% | -12.1% |
As of the latest ACS Survey released in 2023, Jonesboro, AR is a predominantly white area, with 72.4% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Jonesboro, AR is black, making up 18.0% of the population. Foreign-born residents account for 4.6% of the population in Jonesboro, AR, and this percentage has increased by 4.5% 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 | 72.4% | -7.2% |
% Black | 18.0% | 39.5% |
% Hispanic | 4.3% | 4.9% |
% Asian | 2.1% | 0.0% |
% Foreign Born | 4.6% | 4.5% |
Mortgage and Risk — Jonesboro, AR
According to HUD data as of 2023, there were 473 mortgage originations in Jonesboro, AR, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Jonesboro, AR. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 473 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Jonesboro, AR
As of 2024, the percent of homes in Jonesboro, AR under the Section 8 program is 3.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Jonesboro, AR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 129 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $720 | $860 |
| 2 Bedroom | $155 | $875 | $1,030 |
| 3 Bedroom | -$220 | $1,600 | $1,380 |
| 4 Bedroom | -$30 | $1,650 | $1,620 |
Affordability — Jonesboro, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $259,000 |
| Median Household Income | $67,000 |