Lake City, AR—72437
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake City, AR
As of Oct '25, the median home price in Lake City, AR is $157,000, with a year-over-year change of -1.7%. This indicates that home prices in Lake City, AR are decreasing. 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 | $157,000 | -1.7% |
| Single Family | $157,000 | -1.3% |
| 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 | $179,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake City, AR
Lake City, 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 — Lake City, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake City, AR is 53. This is a decrease of -42.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 19.0% |
Listing Count | 30 | 15.0% |
| Listings as % of Homes | 0.8% | 15.0% |
Days on Market | 53 | -42.0% |
Demographics — Lake City, AR
As of the latest ACS Survey released in 2023, Lake City, AR has a population of 3,390, which has decreased by -4.8% over the past 5 years. Lake City, AR is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,390 | -4.8% |
% Under 18 | 19.6% | -3.4% |
% Seniors | 18.1% | 12.4% |
% WFH | 1.9% | 216.7% |
% w/ College Degree | 17.5% | 42.3% |
As of the latest ACS Survey released in 2023, Lake City, AR is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Lake City, AR is black, making up 1.3% of the population. Foreign-born residents account for 0.0% of the population in Lake City, 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 | 93.7% | -3.6% |
% Black | 1.3% | 1,200.0% |
% Hispanic | 0.8% | -46.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Lake City, AR
According to HUD data as of 2023, there were 108 mortgage originations in Lake City, AR, of which 43.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Lake City, 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 | 108 |
% Conventional Loans | 43.0% |
% Government Loans | 57.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lake City, AR
Lake City, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Lake City, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $157,000 |
| Median Household Income | $58,200 |