What is the cheapest city to buy a house in Arkansas?

Harrison, with a median closed price of $188,750 over its reporting window, among Arkansas cities where Resideline tracked at least 100 closings inside the city limits.

Are these asking prices or sale prices?

Closed sale prices. Every price median is the price homes actually closed at inside the municipal boundary, not a listing price. The one column measured differently is realized appreciation, which uses the postal city, as the note under the table says.

Why does a cheap city show a high price per square foot?

Because the ranking median covers every property type that closed, condos and multi-family included, while the $/sqft column is single-family houses only. In cities where most sales are condos, the median price is low and the house $/sqft can still be high.

Is the appreciation figure a forecast?

No. It is the median annual change between consecutive sales of the same home, on repeat-sale pairs. It is historical and nominal, and it says what happened, not what will.

Cheapest Cities to Buy a House in Arkansas (2026)

These are the Arkansas cities with the lowest median closed home price over their reporting window, among cities where Resideline tracked at least 100 closings inside the municipal limits. Cheapest is not the same as best value, so each city also shows what houses closed at per square foot, what history says about appreciation, and how fast listed homes went under contract.

The ranking

#	City	Median closed price	Houses $/sqft	Realized appreciation	Days to contract	Closings	Window
1	Harrison	$188,750	$127	5.70%/yr	17	251	12 months
2	North Little Rock	$190,000	$122	3.79%/yr	42	474	six months
3	Paragould	$194,500	$126	4.40%/yr	23	249	six months
4	Russellville	$206,000	$131	4.42%/yr	16	195	six months
5	Fort Smith	$209,450	$123	4.70%/yr	33	650	six months
6	Mountain Home	$215,000	$138	n/a	n/a	168	six months
7	Searcy	$221,150	$137	4.22%/yr	49	232	six months
8	Van Buren	$229,000	$139	5.20%/yr	24	176	six months
8	Hot Springs	$229,000	$134	n/a	20	225	six months
10	Jonesboro	$229,900	$141	4.05%/yr	31	611	six months
11	Benton	$241,450	$148	4.25%/yr	23	352	six months
12	Cabot	$250,000	$144	n/a	n/a	270	six months
12	Siloam Springs	$250,000	$167	5.88%/yr	n/a	189	six months
14	Sherwood	$262,000	$152	3.47%/yr	46	252	six months

1. Harrison, $188,750

Harrison's median closed price over the last 12 months was $188,750, around 69 percent of what the typical Arkansas sale closed at. 251 closings sit behind that figure, about 21 a month, enough to price against. Single-family houses closed at a median of $127 per square foot across 236 sales with usable living area. Homes that sold twice appreciated at a median of 5.70 percent a year between those sales, on 432 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. The median listed home was under contract in 17 days, so a buyer here needs financing lined up before the search, not after. About 8.2 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Harrison market page.

2. North Little Rock, $190,000

Homes in North Little Rock closed at a median of $190,000 over the last six months, about 69 percent of the Arkansas statewide median. 474 closings sit behind that figure, about 79 a month, enough to price against. Single-family houses closed at a median of $122 per square foot across 454 sales with usable living area. Homes that sold twice appreciated at a median of 3.79 percent a year between those sales, on 2,256 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. The median listed home took 42 days to go under contract, across 42 listed closings. About 8.9 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the North Little Rock market page.

3. Paragould, $194,500

The median closed price in Paragould is $194,500 across the last six months, which puts it at roughly 71 percent of the state figure. 249 closings sit behind that figure, about 42 a month, enough to price against. Single-family houses closed at a median of $126 per square foot across 244 sales with usable living area. Between consecutive sales of the same home, prices moved a median 4.40 percent a year (660 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 23 days, so a buyer here needs financing lined up before the search, not after. About 7.9 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Paragould market page.

4. Russellville, $206,000

Homes in Russellville closed at a median of $206,000 over the last six months, about 75 percent of the Arkansas statewide median. 195 closings sit behind that figure, about 32 a month, enough to price against. Single-family houses closed at a median of $131 per square foot across 186 sales with usable living area. Between consecutive sales of the same home, prices moved a median 4.42 percent a year (674 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 16 days, so a buyer here needs financing lined up before the search, not after. About 6.5 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Russellville market page.

5. Fort Smith, $209,450

Fort Smith's median closed price over the last six months was $209,450, around 76 percent of what the typical Arkansas sale closed at. 650 closings sit behind that figure, about 108 a month, enough to price against. Single-family houses closed at a median of $123 per square foot across 604 sales with usable living area. Homes that sold twice appreciated at a median of 4.70 percent a year between those sales, on 1,589 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 33 days. About 9.4 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Fort Smith market page.

6. Mountain Home, $215,000

The median closed price in Mountain Home is $215,000 across the last six months, which puts it at roughly 78 percent of the state figure. Resideline tracked 168 closings there, roughly 28 a month. On a per-square-foot basis, houses there closed at a median of $138, measured on 151 sales. Full detail is on the Mountain Home market page.

7. Searcy, $221,150

The median closed price in Searcy is $221,150 across the last six months, which puts it at roughly 81 percent of the state figure. 232 closings sit behind that figure, about 39 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $137, measured on 219 sales. Between consecutive sales of the same home, prices moved a median 4.22 percent a year (855 pairs, postal-area scope), a historical figure rather than a projection. The median listed home took 49 days to go under contract, across 32 listed closings. About 7.5 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Searcy market page.

8. Van Buren, $229,000

The median closed price in Van Buren is $229,000 across the last six months, which puts it at roughly 84 percent of the state figure. 176 closings sit behind that figure, about 29 a month, enough to price against. Single-family houses closed at a median of $139 per square foot across 173 sales with usable living area. Between consecutive sales of the same home, prices moved a median 5.20 percent a year (649 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 24 days, so a buyer here needs financing lined up before the search, not after. Full detail is on the Van Buren market page.

8. Hot Springs, $229,000

Homes in Hot Springs closed at a median of $229,000 over the last six months, about 84 percent of the Arkansas statewide median. 225 closings sit behind that figure, about 38 a month, enough to price against. Single-family houses closed at a median of $134 per square foot across 200 sales with usable living area. The median listed home was under contract in 20 days, so a buyer here needs financing lined up before the search, not after. Full detail is on the Hot Springs market page.

10. Jonesboro, $229,900

Homes in Jonesboro closed at a median of $229,900 over the last six months, about 84 percent of the Arkansas statewide median. 611 closings sit behind that figure, about 102 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $141, measured on 579 sales. Between consecutive sales of the same home, prices moved a median 4.05 percent a year (1,114 pairs, postal-area scope), a historical figure rather than a projection. Listed homes went under contract in a median of 31 days. Full detail is on the Jonesboro market page.

11. Benton, $241,450

Benton's median closed price over the last six months was $241,450, around 88 percent of what the typical Arkansas sale closed at. Resideline tracked 352 closings there, roughly 59 a month. On a per-square-foot basis, houses there closed at a median of $148, measured on 344 sales. Homes that sold twice appreciated at a median of 4.25 percent a year between those sales, on 2,057 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 23 days, which is fast for the state and leaves little time to deliberate. Full detail is on the Benton market page.

12. Cabot, $250,000

Cabot's median closed price over the last six months was $250,000, around 91 percent of what the typical Arkansas sale closed at. 270 closings sit behind that figure, about 45 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $144, measured on 265 sales. Full detail is on the Cabot market page.

12. Siloam Springs, $250,000

Siloam Springs's median closed price over the last six months was $250,000, around 91 percent of what the typical Arkansas sale closed at. 189 closings sit behind that figure, about 32 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $167, measured on 166 sales. Homes that sold twice appreciated at a median of 5.88 percent a year between those sales, on 604 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Full detail is on the Siloam Springs market page.

14. Sherwood, $262,000

Homes in Sherwood closed at a median of $262,000 over the last six months, close to the statewide median. Resideline tracked 252 closings there, roughly 42 a month. On a per-square-foot basis, houses there closed at a median of $152, measured on 243 sales. Homes that sold twice appreciated at a median of 3.47 percent a year between those sales, on 1,599 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. The median listed home took 46 days to go under contract, across 33 listed closings. Full detail is on the Sherwood market page.

Note: realized appreciation is the one column measured on the postal city, from repeat sales of the same home across the ZIP codes that share the city's name; every other figure is confined to the municipal boundary.

How to read this list

A low median is where the analysis starts, not where it ends. Property type, size, condition and block move a number far more than the city line does, so check any address on this list against its own comparable closings.

Figures last updated October 3, 2026 from closings Resideline tracked. Appreciation is the median annual change between consecutive sales of the same home; it is historical, nominal and not a projection.