Cities with the most expensive homes in the Jonesboro metro area

Written by:
May 2, 2024
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Cities with the most expensive homes in the Jonesboro metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $355,696 in March, 4.6% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Jonesboro metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.

1 / 9
Stacker

#9. Marked Tree, AR

- Typical home value: $77,997
- 1-year price change: -3.2%
- 5-year price change: +18.4%

2 / 9
Stacker

#8. Lepanto, AR

- Typical home value: $84,776
- 1-year price change: +6.9%
- 5-year price change: +41.6%

3 / 9
Stacker

#7. Trumann, AR

- Typical home value: $120,434
- 1-year price change: +8.1%
- 5-year price change: +50.7%

4 / 9
Stacker

#6. Monette, AR

- Typical home value: $123,948
- 1-year price change: +7.8%
- 5-year price change: +43.0%

5 / 9
Stacker

#5. Bay, AR

- Typical home value: $126,683
- 1-year price change: +3.0%
- 5-year price change: +45.7%

6 / 9
Stacker

#4. Harrisburg, AR

- Typical home value: $129,494
- 1-year price change: +7.5%
- 5-year price change: +41.0%

7 / 9
Stacker

#3. Lake City, AR

- Typical home value: $149,082
- 1-year price change: +7.4%
- 5-year price change: +60.0%

8 / 9
Stacker

#2. Jonesboro, AR

- Typical home value: $214,576
- 1-year price change: +2.3%
- 5-year price change: +39.4%

9 / 9
Stacker

#1. Brookland, AR

- Typical home value: $216,762
- 1-year price change: +3.9%
- 5-year price change: +41.2%

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.

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