Market Overview
Home Prices in Gravette, AR
The median home value in Gravette, AR is $363,035 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gravette are priced11% below average. Gravette is part of the Fayetteville-Springdale-Rogers, AR metro area.
Over the past five years, Gravette home values have risen by approximately49.1%, reflecting strong long-term appreciation in this market.
Price History
Gravette Home Price Trend
City Comparison
Gravette vs. National Median
At $363,035, homes in Gravette cost 11% below the national median of $410,000. This makes Gravette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gravette?
20% Down Payment
$72,607
on $363,035
Monthly P&I
$1,893/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,404/mo
incl. taxes & insurance
Income Needed
$96,160
gross annual (30% rule)
10% Down Option
$36,304
+ PMI applies
Loan Amount (20% dn)
$290,428
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 Gravette, AR?
The median home value in Gravette is $363,035 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Gravette?
Over the past year, home values in Gravette have increased by 2.8%. Over five years, prices have risen approximately 49.1%.
How much do I need to earn to buy a home in Gravette?
To comfortably afford the median home price of $363,035 with a 20% down payment ($72,607) at today's rates (6.8%), you'd need a gross annual income of approximately $96,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Gravette compare to the national average home price?
The national median home value is approximately $410,000. At $363,035, homes in Gravette are 11% below the national average.
What metro area is Gravette part of?
Gravette is part of the Fayetteville-Springdale-Rogers, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.