Market Overview
Home Prices in Norfork, AR
The median home value in Norfork, AR is $272,943 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norfork are priced33% below average. Norfork is part of the Mountain Home, AR metro area.
Over the past five years, Norfork home values have risen by approximately21.4%, reflecting strong long-term appreciation in this market.
Price History
Norfork Home Price Trend
City Comparison
Norfork vs. National Median
At $272,943, homes in Norfork cost 33% below the national median of $410,000. This makes Norfork a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norfork?
20% Down Payment
$54,589
on $272,943
Monthly P&I
$1,424/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,808/mo
incl. taxes & insurance
Income Needed
$72,320
gross annual (30% rule)
10% Down Option
$27,294
+ PMI applies
Loan Amount (20% dn)
$218,354
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 Norfork, AR?
The median home value in Norfork is $272,943 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Norfork?
Over the past year, home values in Norfork have increased by 0.4%. Over five years, prices have risen approximately 21.4%.
How much do I need to earn to buy a home in Norfork?
To comfortably afford the median home price of $272,943 with a 20% down payment ($54,589) at today's rates (6.8%), you'd need a gross annual income of approximately $72,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Norfork compare to the national average home price?
The national median home value is approximately $410,000. At $272,943, homes in Norfork are 33% below the national average.
What metro area is Norfork part of?
Norfork is part of the Mountain Home, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.