Market Overview
Home Prices in Wheatley, AR
The median home value in Wheatley, AR is $91,354 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and down 8.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wheatley are priced78% below average. Wheatley is part of the Forrest City, AR metro area.
Over the past five years, Wheatley home values have fallen by approximately17.4%, reflecting softening conditions in this market.
Price History
Wheatley Home Price Trend
City Comparison
Wheatley vs. National Median
At $91,354, homes in Wheatley cost 78% below the national median of $410,000. This makes Wheatley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wheatley?
20% Down Payment
$18,271
on $91,354
Monthly P&I
$476/mo
30-yr @ 6.8%
Total Monthly Est.
~$605/mo
incl. taxes & insurance
Income Needed
$24,200
gross annual (30% rule)
10% Down Option
$9,135
+ PMI applies
Loan Amount (20% dn)
$73,083
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 Wheatley, AR?
The median home value in Wheatley is $91,354 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Wheatley?
Over the past year, home values in Wheatley have decreased by 1.2%. Over five years, prices have fallen approximately 17.4%.
How much do I need to earn to buy a home in Wheatley?
To comfortably afford the median home price of $91,354 with a 20% down payment ($18,271) at today's rates (6.8%), you'd need a gross annual income of approximately $24,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Wheatley compare to the national average home price?
The national median home value is approximately $410,000. At $91,354, homes in Wheatley are 78% below the national average.
What metro area is Wheatley part of?
Wheatley is part of the Forrest City, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.