Paragould, AR—72450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paragould, AR
As of Oct '25, the median home price in Paragould, AR is $187,000, with a year-over-year change of 0.6%. This indicates that home prices in Paragould, AR are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 0.6% |
| Single Family | $187,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | -1.9% |
3 Bed | $194,000 | 3.2% |
4 Bed | $266,000 | 1.5% |
| 5 Bed | $350,000 | 1.4% |
% of Housing Stock
Rental Trends — Paragould, AR
As of July '25, Rentcast reports the average rent in Paragould, AR is $1,060, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Paragould, AR is 1-bedrooms: $707, 2-bedrooms: $847, 3-bedrooms: $1,340, 4-bedrooms: $1,590. The most common rental property sizes in Paragould, AR are 2-bedroom and 3-bedroom, accounting for 52.6% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $707 |
| 2 Bed Rent | $825 | $847 |
| 3 Bed Rent | $1,320 | $1,340 |
| 4 Bed Rent | $1,590 | $1,590 |
% of Rental Stock
Property Listings — Paragould, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Paragould, AR is 69. This is a increase of 27.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | -12.0% |
Listing Count | 172 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 69 | 27.0% |
Demographics — Paragould, AR
As of the latest ACS Survey released in 2023, Paragould, AR has a population of 40,500, which has increased by 4.6% over the past 5 years. Paragould, AR is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,500 | 4.6% |
% Under 18 | 23.9% | -3.2% |
% Seniors | 15.9% | 1.9% |
% WFH | 3.5% | 84.2% |
% w/ College Degree | 16.6% | -1.2% |
As of the latest ACS Survey released in 2023, Paragould, AR is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Paragould, AR is hispanic, making up 4.1% of the population. Foreign-born residents account for 0.9% of the population in Paragould, AR, and this percentage has increased by 12.5% 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 | 88.6% | -4.8% |
% Black | 2.5% | 31.6% |
% Hispanic | 4.1% | 51.9% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 0.9% | 12.5% |
Mortgage and Risk — Paragould, AR
According to HUD data as of 2023, there were 750 mortgage originations in Paragould, AR, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Paragould, AR. Investor activity is low, as 9.0% 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 | 750 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Paragould, AR
As of 2024, the percent of homes in Paragould, AR under the Section 8 program is 12.9%. 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 Paragould, AR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 762 |
Total Units Section 8 | 726 |
% Rentals under Section 8 | 12.9% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $695 | $770 |
| 2 Bedroom | $75 | $825 | $900 |
| 3 Bedroom | -$60 | $1,320 | $1,260 |
| 4 Bedroom | -$180 | $1,590 | $1,410 |
Affordability — Paragould, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $187,000 |
| Median Household Income | $56,400 |