Market Overview
Home Prices in Dermott, AR
The median home value in Dermott, AR is $60,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 23.6% compared to a year ago and down 20.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dermott are priced85% below average.
Price History
Dermott Home Price Trend
2024
$99,911
$100K
—
2025
$79,493
$79K
-20.4%
2026
$60,742
$61K
-23.6%
City Comparison
Dermott vs. National Median
🏠 Dermott
$60,742
National Median
$410,000
At $60,742, homes in Dermott cost 85% below the national median of $410,000. This makes Dermott a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dermott?
20% Down Payment
$12,148
on $60,742
Monthly P&I
$317/mo
30-yr @ 6.8%
Total Monthly Est.
~$403/mo
incl. taxes & insurance
Income Needed
$16,120
gross annual (30% rule)
10% Down Option
$6,074
+ PMI applies
Loan Amount (20% dn)
$48,594
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Dermott, AR?
The median home value in Dermott is $60,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 23.6% year-over-year.
How much have home prices changed in Dermott?
Over the past year, home values in Dermott have decreased by 23.6%.
How much do I need to earn to buy a home in Dermott?
To comfortably afford the median home price of $60,742 with a 20% down payment ($12,148) at today's rates (6.8%), you'd need a gross annual income of approximately $16,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Dermott compare to the national average home price?
The national median home value is approximately $410,000. At $60,742, homes in Dermott are 85% below the national average.