Bono, AR—72416
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bono, AR
As of Oct '25, the median home price in Bono, AR is $197,000, with a year-over-year change of 1.4%. This indicates that home prices in Bono, 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 | $197,000 | 1.4% |
| Single Family | $197,000 | 2.1% |
| 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 | $201,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bono, AR
As of July '25, Rentcast reports the average rent in Bono, AR is $895, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Bono, AR is 2-bedrooms: $862, 3-bedrooms: $1,020. The most common rental property sizes in Bono, AR are 2-bedroom and 3-bedroom, accounting for 38.1% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $862 |
| 3 Bed Rent | $1,020 | $1,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bono, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Bono, AR is 43. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | 7.0% |
Listing Count | 46 | 29.0% |
| Listings as % of Homes | 1.0% | 29.0% |
Days on Market | 43 | -1.0% |
Demographics — Bono, AR
As of the latest ACS Survey released in 2023, Bono, AR has a population of 5,460, which has increased by 2.1% over the past 5 years. Bono, AR is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,460 | 2.1% |
% Under 18 | 28.6% | 26.0% |
% Seniors | 11.0% | -32.1% |
% WFH | 7.2% | 300.0% |
% w/ College Degree | 19.0% | 8.6% |
As of the latest ACS Survey released in 2023, Bono, AR is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Bono, AR is black, making up 5.2% of the population. Foreign-born residents account for 0.0% of the population in Bono, 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 | 91.2% | -3.1% |
% Black | 5.2% | 477.8% |
% Hispanic | 1.7% | -22.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Bono, AR
According to HUD data as of 2023, there were 115 mortgage originations in Bono, AR, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Bono, AR. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bono, AR
Bono, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 102 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 14.0% |
% Occupied Section 8 | 83.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $200 | $750 | $950 |
| 3 Bedroom | $260 | $1,020 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Bono, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $197,000 |
| Median Household Income | $72,500 |