Mulberry, AR—72947
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mulberry, AR
As of Oct '25, the median home price in Mulberry, AR is $169,000, with a year-over-year change of -0.4%. This indicates that home prices in Mulberry, AR are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | -0.4% |
| Single Family | $169,000 | 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 | 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 — Mulberry, AR
As of July '25, Rentcast reports the average rent in Mulberry, AR is $771, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Mulberry, AR is 1-bedrooms: $750, 2-bedrooms: $778. The most common rental property sizes in Mulberry, AR are 3-bedroom and 2-bedroom, accounting for 44.2% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $771 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $810 | $778 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mulberry, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Mulberry, AR is 55. This is a increase of 5.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | 48.0% |
Listing Count | 18 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 55 | 5.0% |
Demographics — Mulberry, AR
As of the latest ACS Survey released in 2023, Mulberry, AR has a population of 3,870, which has decreased by -1.6% over the past 5 years. Mulberry, AR is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,870 | -1.6% |
% Under 18 | 21.1% | -3.2% |
% Seniors | 17.3% | -10.4% |
% WFH | 2.7% | -25.0% |
% w/ College Degree | 15.0% | 59.6% |
As of the latest ACS Survey released in 2023, Mulberry, AR is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Mulberry, AR is hispanic, making up 4.8% of the population. Foreign-born residents account for 2.3% of the population in Mulberry, AR, and this percentage has increased by 9.5% 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 | 87.2% | -6.4% |
% Black | 0.4% | 100.0% |
% Hispanic | 4.8% | 118.2% |
% Asian | 0.7% | -36.4% |
% Foreign Born | 2.3% | 9.5% |
Mortgage and Risk — Mulberry, AR
According to HUD data as of 2023, there were 60 mortgage originations in Mulberry, AR, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Mulberry, AR. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mulberry, AR
Mulberry, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $750 | $690 |
| 2 Bedroom | $100 | $810 | $910 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Mulberry, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $169,000 |
| Median Household Income | $55,100 |