Gravette, AR—72736
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gravette, AR
As of Nov '25, the median home price in Gravette, AR is $353,000, with a year-over-year change of 3.0%. This indicates that home prices in Gravette, AR are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | 3.0% |
| Single Family | $355,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 2.8% |
3 Bed | $288,000 | 2.5% |
4 Bed | $444,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gravette, AR
As of July '25, Rentcast reports the average rent in Gravette, AR is $1,540, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Gravette, AR is 1-bedrooms: $775, 2-bedrooms: $912, 3-bedrooms: $1,340, 4-bedrooms: $1,710. The most common rental property sizes in Gravette, AR are 3-bedroom and 4-bedroom, accounting for 36.2% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $775 |
| 2 Bed Rent | $850 | $912 |
| 3 Bed Rent | $1,300 | $1,340 |
| 4 Bed Rent | $1,680 | $1,710 |
% of Rental Stock
Property Listings — Gravette, AR
As of Nov '25, Realtor.com reports that the median days on market for a home in Gravette, AR is 69. This is a increase of 8.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $538,000 | -19.0% |
Listing Count | 81 | 55.0% |
| Listings as % of Homes | 1.6% | 55.0% |
Days on Market | 69 | 8.0% |
Demographics — Gravette, AR
As of the latest ACS Survey released in 2023, Gravette, AR has a population of 7,520, which has increased by 5.5% over the past 5 years. Gravette, AR is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,520 | 5.5% |
% Under 18 | 28.6% | -9.2% |
% Seniors | 13.2% | 17.9% |
% WFH | 9.1% | 51.7% |
% w/ College Degree | 23.8% | 7.2% |
As of the latest ACS Survey released in 2023, Gravette, AR is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Gravette, AR is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.1% of the population in Gravette, AR, and this percentage has decreased by 35.3% 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 | 77.3% | -14.2% |
% Black | 0.9% | 200.0% |
% Hispanic | 3.1% | -35.4% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.1% | -35.3% |
Mortgage and Risk — Gravette, AR
According to HUD data as of 2023, there were 219 mortgage originations in Gravette, AR, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Gravette, AR. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 219 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — Gravette, AR
As of 2024, the percent of homes in Gravette, AR under the Section 8 program is 14.2%. 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. In Gravette, AR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 73.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $775 | $910 |
| 2 Bedroom | $240 | $850 | $1,090 |
| 3 Bedroom | $230 | $1,300 | $1,530 |
| 4 Bedroom | $80 | $1,680 | $1,760 |
Affordability — Gravette, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $353,000 |
| Median Household Income | $73,600 |