Market Overview
Home Prices in Palestine, AR
The median home value in Palestine, AR is $131,143 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palestine are priced68% below average. Palestine is part of the Forrest City, AR metro area.
Over the past five years, Palestine home values have fallen by approximately0.7%, reflecting softening conditions in this market.
Price History
Palestine Home Price Trend
City Comparison
Palestine vs. National Median
At $131,143, homes in Palestine cost 68% below the national median of $410,000. This makes Palestine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palestine?
20% Down Payment
$26,229
on $131,143
Monthly P&I
$684/mo
30-yr @ 6.8%
Total Monthly Est.
~$869/mo
incl. taxes & insurance
Income Needed
$34,760
gross annual (30% rule)
10% Down Option
$13,114
+ PMI applies
Loan Amount (20% dn)
$104,914
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 Palestine, AR?
The median home value in Palestine is $131,143 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Palestine?
Over the past year, home values in Palestine have increased by 0%. Over five years, prices have fallen approximately 0.7%.
How much do I need to earn to buy a home in Palestine?
To comfortably afford the median home price of $131,143 with a 20% down payment ($26,229) at today's rates (6.8%), you'd need a gross annual income of approximately $34,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Palestine compare to the national average home price?
The national median home value is approximately $410,000. At $131,143, homes in Palestine are 68% below the national average.
What metro area is Palestine part of?
Palestine is part of the Forrest City, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.