Market Overview
Home Prices in Lake Village, AR
The median home value in Lake Village, AR is $171,427 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Village are priced58% below average.
Over the past five years, Lake Village home values have risen by approximately6.0%, reflecting steady appreciation in this market.
Price History
Lake Village Home Price Trend
2020
$149,636
$150K
—
2021
$161,697
$162K
+8.1%
2022
$158,079
$158K
-2.2%
2023
$161,350
$161K
+2.1%
2024
$163,660
$164K
+1.4%
2025
$159,320
$159K
-2.7%
2026
$171,427
$171K
+7.6%
City Comparison
Lake Village vs. National Median
🏠 Lake Village
$171,427
National Median
$410,000
At $171,427, homes in Lake Village cost 58% below the national median of $410,000. This makes Lake Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Village?
20% Down Payment
$34,285
on $171,427
Monthly P&I
$894/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,135/mo
incl. taxes & insurance
Income Needed
$45,400
gross annual (30% rule)
10% Down Option
$17,143
+ PMI applies
Loan Amount (20% dn)
$137,142
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 Lake Village, AR?
The median home value in Lake Village is $171,427 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Lake Village?
Over the past year, home values in Lake Village have increased by 7.6%. Over five years, prices have risen approximately 6.0%.
How much do I need to earn to buy a home in Lake Village?
To comfortably afford the median home price of $171,427 with a 20% down payment ($34,285) at today's rates (6.8%), you'd need a gross annual income of approximately $45,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Village compare to the national average home price?
The national median home value is approximately $410,000. At $171,427, homes in Lake Village are 58% below the national average.