Garfield, AR—72732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garfield, AR
As of Oct '25, the median home price in Garfield, AR is $418,000, with a year-over-year change of 0.7%. This indicates that home prices in Garfield, AR are flat. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $418,000 | 0.7% |
| Single Family | $418,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $329,000 | -2.4% |
3 Bed | $418,000 | 1.0% |
4 Bed | $680,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garfield, AR
As of July '25, Rentcast reports the average rent in Garfield, AR is $1,200, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Garfield, AR is 3-bedrooms: $1,200. The most common rental property sizes in Garfield, AR are 3-bedroom and 2-bedroom, accounting for 54.5% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Garfield, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Garfield, AR is 111. This is a increase of 58.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $732,000 | -8.0% |
Listing Count | 57 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 111 | 58.0% |
Demographics — Garfield, AR
As of the latest ACS Survey released in 2023, Garfield, AR has a population of 5,490, which has increased by 21.7% over the past 5 years. Garfield, AR is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,490 | 21.7% |
% Under 18 | 22.3% | 19.3% |
% Seniors | 20.8% | -14.4% |
% WFH | 9.7% | 31.1% |
% w/ College Degree | 23.7% | 36.2% |
As of the latest ACS Survey released in 2023, Garfield, AR is a predominantly white area, with 65.3% of the population identifying as white. The white population has shrunk by 32.3% in the last 5 years. The second most common race or ethnicity in Garfield, AR is hispanic, making up 10.8% of the population. Foreign-born residents account for 2.8% of the population in Garfield, AR, and this percentage has increased by 100.0% 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 | 65.3% | -32.3% |
% Black | 0.5% | 400.0% |
% Hispanic | 10.8% | 575.0% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 2.8% | 100.0% |
Mortgage and Risk — Garfield, AR
According to HUD data as of 2023, there were 108 mortgage originations in Garfield, AR, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Garfield, AR. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 5.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Garfield, AR
Garfield, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | $230 | $1,200 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Garfield, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $418,000 |
| Median Household Income | $68,500 |