Market Overview
Home Prices in Elizabeth, AR
The median home value in Elizabeth, AR is $233,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.8% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elizabeth are priced43% below average. Elizabeth is part of the Mountain Home, AR metro area.
Over the past five years, Elizabeth home values have fallen by approximately5.5%, reflecting softening conditions in this market.
Price History
Elizabeth Home Price Trend
City Comparison
Elizabeth vs. National Median
At $233,528, homes in Elizabeth cost 43% below the national median of $410,000. This makes Elizabeth a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elizabeth?
20% Down Payment
$46,706
on $233,528
Monthly P&I
$1,218/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,547/mo
incl. taxes & insurance
Income Needed
$61,880
gross annual (30% rule)
10% Down Option
$23,353
+ PMI applies
Loan Amount (20% dn)
$186,822
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 Elizabeth, AR?
The median home value in Elizabeth is $233,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.8% year-over-year.
How much have home prices changed in Elizabeth?
Over the past year, home values in Elizabeth have decreased by 7.8%. Over five years, prices have fallen approximately 5.5%.
How much do I need to earn to buy a home in Elizabeth?
To comfortably afford the median home price of $233,528 with a 20% down payment ($46,706) at today's rates (6.8%), you'd need a gross annual income of approximately $61,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Elizabeth compare to the national average home price?
The national median home value is approximately $410,000. At $233,528, homes in Elizabeth are 43% below the national average.
What metro area is Elizabeth part of?
Elizabeth is part of the Mountain Home, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.