Monette, AR—72447
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monette, AR
As of Oct '25, the median home price in Monette, AR is $148,000, with a year-over-year change of -4.1%. This indicates that home prices in Monette, AR are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | -4.1% |
| Single Family | $148,000 | -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 | 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 — Monette, AR
Monette, 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 — Monette, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Monette, AR is 68. This is a increase of 7.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $182,000 | -16.0% |
Listing Count | 12 | -29.0% |
| Listings as % of Homes | 1.8% | -29.0% |
Days on Market | 68 | 7.0% |
Demographics — Monette, AR
As of the latest ACS Survey released in 2023, Monette, AR has a population of 1,990, which has decreased by -3.8% over the past 5 years. Monette, AR is a popular place for families, as children make up 25.7% 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 1.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,990 | -3.8% |
% Under 18 | 25.7% | 66.9% |
% Seniors | 19.7% | -22.4% |
% WFH | 1.1% | -64.5% |
% w/ College Degree | 19.0% | 84.5% |
As of the latest ACS Survey released in 2023, Monette, AR is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Monette, AR is hispanic, making up 8.9% of the population. Foreign-born residents account for 1.1% of the population in Monette, AR, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.8% | -9.5% |
% Black | 0.5% | 150.0% |
% Hispanic | 8.9% | 287.0% |
% Asian | 0.6% | ∞% |
% Foreign Born | 1.1% | 0.0% |
Mortgage and Risk — Monette, AR
According to HUD data as of 2023, there were 59 mortgage originations in Monette, AR, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Monette, AR. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Monette, AR
Monette, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
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 | $850 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Monette, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $148,000 |
| Median Household Income | $58,500 |