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Lake City, AR

Full City Profile · Arkansas · Craighead County County

3.0 /5.0
B Good
2,452 Population 778/sq mi density
$57,449 Median Income $30,302 per capita
$125,500 Home Value $161,664 Zillow
$827 Median Rent 22.0% income on rent
62°F Avg Temperature 301 sunny days/yr
154 Violent Crime/100K 731 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$57,449 median income, 4.9% unemployment
A+
Affordability
5.0 / 5.0
$125,500 home value, $827/mo rent
F
Safety
1.0 / 5.0
154 violent crimes/100K
C
Education
2.4 / 5.0
17.4% bachelor's degree or higher

Housing Overview

Median Home Value
$125,500
55% below
US avg: $281,900
Median Rent
$827/mo
29% below
US avg: $1,163/mo
Homeownership Rate
63.1%
4% below US avg (65.4%)
Total Housing Units
1,070
Median year built: 1982

Home Value by Source

Census Median
$125,500
Zillow (ZHVI)
$161,664
Median Sale Price
$181,937
Median List Price
$140,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

63.1%
Owner-Occupied
36.9%
Renter-Occupied
63%
37%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$700/mo
1 Bedroom
$751/mo
2 Bedroom
$944/mo
3 Bedroom
$1,239/mo
4 Bedroom
$1,406/mo
Census median rent: $827/mo

Market Indicators (Redfin)

Median Days on Market
60 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
5.3%
of listings with price reduction
Price Per Sq Ft
$111
Active Inventory
19
homes for sale

Affordability & Housing Stock

Rent Burden
22.0%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
1982
Average age of housing stock: 44 years
Homeownership Rate
63.1%

Complete Housing Data

Home Values

Census Median Value$125,500
Zillow Home Value (ZHVI)$161,664
Median Sale Price$181,937
Median List Price$140,000
Price Per Sq Ft$111

Rent

Census Median Rent$827
FMR Studio$700
FMR 1-Bedroom$751
FMR 2-Bedroom$944
FMR 3-Bedroom$1,239
FMR 4-Bedroom$1,406

Market

Days on Market60
Sale-to-List Ratio1.0%
Price Drops5.3%
Homes Sold4
Active Inventory19
Price Per Sq Ft$111

Ownership & Stock

Owner-Occupied63.1%
Renter-Occupied36.9%
Homeownership Rate63.1%
Total Housing Units1,070
Median Year Built1982
Rent Burden22.0%