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📍 Elaine, AR · Zillow ZHVI · July 2026

Average Home Price in
Elaine, AR

Helena-West Helena, AR metro area · Phillips County County

Median Home Value
$67,639
↓ 4.6% year-over-year
vs. National Median
$410,000
Elaine is 84% below
Est. Monthly Payment
$353/mo
20% down · 6.8% rate
Income Needed
$18K
gross annual (30% rule)
Median Home Value
$67,639
↓ 4.6% year-over-year
Down Payment (20%)$13,528
Monthly P&I$353/mo
With Taxes & Ins.~$448/mo
Income Needed$17,920/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Elaine, AR

The median home value in Elaine, AR is $67,639 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and up 5.6% from two years prior.

Compared to the U.S. national median of $410,000, homes in Elaine are priced84% below average. Elaine is part of the Helena-West Helena, AR metro area.

City Comparison

Elaine vs. National Median

🏠 Elaine
$67,639
National Median
$410,000

At $67,639, homes in Elaine cost 84% below the national median of $410,000. This makes Elaine a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Elaine?

20% Down Payment
$13,528
on $67,639
Monthly P&I
$353/mo
30-yr @ 6.8%
Total Monthly Est.
~$448/mo
incl. taxes & insurance
Income Needed
$17,920
gross annual (30% rule)
10% Down Option
$6,764
+ PMI applies
Loan Amount (20% dn)
$54,111
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 Elaine, AR?
The median home value in Elaine is $67,639 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Elaine?
Over the past year, home values in Elaine have decreased by 4.6%.
How much do I need to earn to buy a home in Elaine?
To comfortably afford the median home price of $67,639 with a 20% down payment ($13,528) at today's rates (6.8%), you'd need a gross annual income of approximately $17,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Elaine compare to the national average home price?
The national median home value is approximately $410,000. At $67,639, homes in Elaine are 84% below the national average.
What metro area is Elaine part of?
Elaine is part of the Helena-West Helena, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.