Home Values in Jonesboro, Arkansas — 2026 Market Report
Updated March 2026 | Seller's Market | +4.4% YoY
The median home value in Jonesboro, Arkansas is $175,000 as of March 2026, which is below the national median of $400,000. Home values in Jonesboro have increased by 4.4% over the past year and 24% over the last five years. With a population of 78,576 and a median household income of $42,250, the price-to-income ratio stands at 4.1x, making Jonesboro affordable for the average household.
Jonesboro Housing Market Conditions
| Metric | Jonesboro | National Avg |
|---|---|---|
| Median Home Value | $175,000 | $400,000 |
| YoY Appreciation | +4.4% | +3.8% |
| 5-Year Appreciation | +24% | +22.4% |
| Price per Sq Ft | $49 | $222 |
| Days on Market | 55 days | 45 days |
| Months of Supply | 1.5 | 3.5 |
| List-to-Sale Ratio | 100.6% | 98.5% |
| Monthly Homes Sold | 40 | — |
| Foreclosure Rate | 0.1% | 0.3% |
Home Value Trends in Jonesboro
A homeowner who purchased at the median price of $141,129 five years ago in Jonesboro would have gained approximately $33,871 in equity, representing a 24% return on investment. Over the past year alone, the typical homeowner gained $7,375 in home equity.
Affordability in Jonesboro, AR
With a median household income of $42,250 and a median home price of $175,000, the price-to-income ratio in Jonesboro is 4.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,302 compared to estimated monthly ownership costs of $921 gives a rent-vs-buy ratio of 0.71. In Jonesboro, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Jonesboro
The effective property tax rate in Arkansas is 0.62%. On a home valued at $175,000, the estimated annual property tax bill is $1,085, or approximately $90/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Jonesboro is 82.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Jonesboro, AR?
The median home value in Jonesboro, Arkansas is $175,000 as of March 2026. Home values have changed +4.4% over the past year, with a 5-year appreciation of 24%.
Is Jonesboro a buyer's or seller's market?
Jonesboro is currently a seller's market with 1.5 months of housing supply. Homes spend an average of 55 days on market, and the list-to-sale price ratio is 100.6%. Low inventory gives sellers an advantage.
Are home values going up in Jonesboro?
Yes, home values in Jonesboro have increased by 4.4% over the past year. The 5-year appreciation rate is 24%, meaning a home worth $141,129 five years ago is now worth $175,000.
Is it better to rent or buy in Jonesboro?
The average monthly rent in Jonesboro is $1,302, while estimated monthly homeownership costs are approximately $921. The price-to-rent ratio is 11.2. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Jonesboro, Arkansas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.