Housing decision brief
Nevada County, AR Housing Market
Nevada County screens as a below-state purchase price, rent that needs comparison, a higher tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
4th lowest home value out of 75 Arkansas counties with data | 62nd lowest rent out of 75
Median home value
$83,300
Purchase-price signal from Census ACS.
Median rent
$869/mo
Gross rent, including utilities where reported.
Monthly owner cost
$574/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
1.5x
Median home value divided by local household income.
Rent burden
45.9%
At or above the 30% burden threshold.
Rent vs own
$295/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$83,300 median home value is 39% below Arkansas county median
Owning screens cheaper than renting
Median owner costs are $295/mo below median rent before individual mortgage terms.
What to Check
Tax rate needs attention
0.52% effective property-tax rate is 1% above Arkansas county median
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Health context
Health score is 33.5 out of 100, so affordability should be weighed against local health indicators.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Households weighing ownership against renting
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Nevada County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $83,300 | $135,700 | $281,900 | 39% favorable39% below Arkansas county median |
Median gross rent Lower usually helps affordability. | $869 | $751 | $1,163 | 16% pressure16% above Arkansas county median |
Monthly owner cost Lower usually helps affordability. | $574 | $616 | $1,672 | 7% favorable7% below Arkansas county median |
Median household income | $53,886 | $51,646 | $74,755 | Near state median4% above Arkansas county median |
Effective property-tax rate Lower usually helps affordability. | 0.52% | 0.51% | 1.02% | Near state median1% above Arkansas county median |
Rent burden Lower usually helps affordability. | 45.90% | 28.00% | N/A | 64% pressure45.90% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$19,126
Median income minus rent threshold.
Owner cushion
+$29,286
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Housing in Nevada County is affordable. The median rent is $841/month against a median household income of $41,761, putting rent at 24.2% of income.
Rent vs own
At $841/month rent versus $554/month in owner costs, owning is roughly $287/month cheaper , a 34% difference.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,640/year. For owner costs at the 28% rule, the required income is roughly $23,743/year. With a median household income of $41,761, most households can comfortably afford rent here. Notably, 40.0% of renter households in Nevada County are cost-burdened, spending more than 30% of income on housing.
Regional context
Nevada County sits 8% more expensive than Hempstead County ($781/month) in terms of median gross rent.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Clay County, AR | $94,600 | $707/mo | Same-state comparison near $94,600 home value and $707/mo rent. |
| Jefferson County, AR | $113,400 | $888/mo | Same-state comparison near $113,400 home value and $888/mo rent. |
| Ouachita County, AR | $102,100 | $764/mo | Same-state comparison near $102,100 home value and $764/mo rent. |
| Union County, AR | $120,900 | $847/mo | Same-state comparison near $120,900 home value and $847/mo rent. |
| St. Francis County, AR | $90,900 | $779/mo | Same-state comparison near $90,900 home value and $779/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Nevada County
Is Nevada County affordable for buying a home?
Is renting or owning cheaper in Nevada County?
How much income do you need for housing in Nevada County?
What should I double-check before moving to Nevada County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.