Market Overview
Home Prices in Shannon Hills, AR
The median home value in Shannon Hills, AR is $196,916 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shannon Hills are priced52% below average. Shannon Hills is part of the Little Rock-North Little Rock-Conway, AR metro area.
Over the past five years, Shannon Hills home values have risen by approximately29.6%, reflecting strong long-term appreciation in this market.
Price History
Shannon Hills Home Price Trend
City Comparison
Shannon Hills vs. National Median
At $196,916, homes in Shannon Hills cost 52% below the national median of $410,000. This makes Shannon Hills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shannon Hills?
20% Down Payment
$39,383
on $196,916
Monthly P&I
$1,027/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,304/mo
incl. taxes & insurance
Income Needed
$52,160
gross annual (30% rule)
10% Down Option
$19,692
+ PMI applies
Loan Amount (20% dn)
$157,533
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 Shannon Hills, AR?
The median home value in Shannon Hills is $196,916 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Shannon Hills?
Over the past year, home values in Shannon Hills have increased by 3%. Over five years, prices have risen approximately 29.6%.
How much do I need to earn to buy a home in Shannon Hills?
To comfortably afford the median home price of $196,916 with a 20% down payment ($39,383) at today's rates (6.8%), you'd need a gross annual income of approximately $52,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Shannon Hills compare to the national average home price?
The national median home value is approximately $410,000. At $196,916, homes in Shannon Hills are 52% below the national average.
What metro area is Shannon Hills part of?
Shannon Hills is part of the Little Rock-North Little Rock-Conway, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.