Pea Ridge, AR—72751
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pea Ridge, AR
As of Nov '25, the median home price in Pea Ridge, AR is $345,000, with a year-over-year change of 3.0%. This indicates that home prices in Pea Ridge, AR are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 3.0% |
| Single Family | $346,000 | 3.3% |
| 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 | $309,000 | 2.3% |
4 Bed | $414,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pea Ridge, AR
As of July '25, Rentcast reports the average rent in Pea Ridge, AR is $1,790, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Pea Ridge, AR is studios: $750, 1-bedrooms: $1,010, 2-bedrooms: $1,400, 3-bedrooms: $1,770, 4-bedrooms: $2,000. The most common rental property sizes in Pea Ridge, AR are 3-bedroom and 2-bedroom, accounting for 78.0% and 10.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,790 |
| Studio Rent | $700 | $750 |
| 1 Bed Rent | $975 | $1,010 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,800 | $1,770 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Pea Ridge, AR
As of Nov '25, Realtor.com reports that the median days on market for a home in Pea Ridge, AR is 61. This is a increase of 24.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 13.0% |
Listing Count | 195 | -12.0% |
| Listings as % of Homes | 4.3% | -12.0% |
Days on Market | 61 | 24.0% |
Demographics — Pea Ridge, AR
As of the latest ACS Survey released in 2023, Pea Ridge, AR has a population of 9,320, which has increased by 29.2% over the past 5 years. Pea Ridge, AR is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,320 | 29.2% |
% Under 18 | 27.4% | -6.8% |
% Seniors | 13.9% | 3.7% |
% WFH | 13.0% | 441.7% |
% w/ College Degree | 23.5% | 66.7% |
As of the latest ACS Survey released in 2023, Pea Ridge, AR is a predominantly white area, with 72.2% of the population identifying as white. The white population has shrunk by 19.0% in the last 5 years. The second most common race or ethnicity in Pea Ridge, AR is hispanic, making up 7.1% of the population. Foreign-born residents account for 7.1% of the population in Pea Ridge, AR, and this percentage has increased by 184.0% 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 | 72.2% | -19.0% |
% Black | 3.2% | 220.0% |
% Hispanic | 7.1% | 10.9% |
% Asian | 1.1% | 175.0% |
% Foreign Born | 7.1% | 184.0% |
Mortgage and Risk — Pea Ridge, AR
According to HUD data as of 2023, there were 211 mortgage originations in Pea Ridge, AR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Pea Ridge, AR. Investor activity is low, as 1.0% 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 | 211 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Pea Ridge, AR
As of 2024, the percent of homes in Pea Ridge, AR under the Section 8 program is 1.6%. 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 Pea Ridge, 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 | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $415 | $975 | $1,390 |
| 2 Bedroom | $270 | $1,400 | $1,670 |
| 3 Bedroom | $540 | $1,800 | $2,340 |
| 4 Bedroom | $700 | $2,000 | $2,700 |
Affordability — Pea Ridge, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $345,000 |
| Median Household Income | $92,200 |