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Craighead County, AR

Jonesboro

RANK #78 / 996 NAT  ·  #3 / 13 AR  ·  POP 111,038

1YR FORECAST: +2.5%

5YR OUTLOOK: +37%

Our model projects Craighead County's housing market to grow +2.5% over the next year, significantly outpacing the national average.

[01] Why Craighead County?

Craighead County, Arkansas, stands out for having two county seats, Jonesboro and Lake City, a unique arrangement in the state. Located in northeast Arkansas, Jonesboro, the largest city, is approximately 68 miles northwest of Memphis, Tennessee. The county is characterized by Crowley's Ridge, a crescent-shaped outcropping offering higher ground and natural scenery amidst the flatter alluvial plains. Outdoor recreation is available at places like Craighead Forest Park, which offers hiking, biking, fishing, and camping. Life in Craighead County is shaped by its agricultural roots and growing industries. The economy, historically reliant on farming, has diversified into manufacturing, healthcare, and education, with Arkansas State University in Jonesboro being a significant institution. Recent economic developments include investments in industrial infrastructure, such as the expansion of water service in Craighead Technology Park, and new manufacturing facilities. Public schools in the county are generally above average, with several highly-ranked elementary and intermediate schools.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
+3.2%

Outpacing national median

Climate & Terrain
-2.2

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    St. Bernards Healthcare Healthcare
    5,000+
  2. 2
    Arkansas State University Education
    2,500+
  3. 3
    NEA Baptist Health System Healthcare
    1,000+
  4. 4
    Walmart Stores, Inc. Retail
  5. 5
    Jonesboro Public Schools Education
    500+
  6. 6
    City of Jonesboro Government
  7. 7
    Nestlé Prepared Foods Company Manufacturing
  8. 8
    Nettleton Public Schools Education
  9. 9
    Ritter Communications Technology
    250+
  10. 10
    Unilever Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Craighead County U.S. National

The Numbers

DEMOGRAPHICS
Population
111,038
+1.06% YoY
Median Household Income
$55,169
Median Home Value
$182,600
+3.18% 12mo
Median Rent
$870
Average Annual Pay
$51,690
+2.3% YoY
Employment
55,053
+1.9% YoY
Income-to-Home-Value
0.3021
More affordable than average
Migration Inflow
5.71%
of pop. from another state
Bachelor's Degree+
28.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$215,000
Days on Market
96
Slower market
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
14.3%
Listings w/ Price Drops
18.5%
Building Permits (2024)
923
Single-Family Permits
610

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.7
per 100K · nat avg 6.3
Firearm Fatalities
17.6
per 100K · nat avg 14.8
Injury Deaths
71.5
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$250M
TOTAL
PROJECT AMOUNT STATUS
Pinnacle Solar
Pedal Steel Solar
$150M Proposed
Industrial Water Expansion (Craighead Technology Park South)
Jonesboro Unlimited, AEDC, Craighead County, Jonesboro City Water & Light
$50M Under Construction
InnovAsian Cuisine Manufacturing Facility
InnovAsian Cuisine Enterprises Inc. (subsidiary of Nichirei Foods Inc.)
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +2.9% 55 percentile
Population Growth +1.1% 74 percentile
Income Growth +6.5% 13 percentile
Vacancy Rate 1.2% 43 percentile
Home Price Change +3.2% 74 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Craighead County, AR a good place to move to?

Craighead County ranks #78 out of 996 U.S. counties on the Boom Town Index with a score of 92/100, putting it in the top tier nationally. Job growth of +1.9% and a median household income of $55,169 point to a county with active economic momentum.

Is Craighead County affordable?

Housing in Craighead County is roughly in line with national affordability norms. The median home costs $182,600 and the income-to-home-value ratio sits at 0.30, with rents averaging $870/month. Not a bargain, but not a stretch for most local earners either.

Is Craighead County growing or shrinking?

Craighead County is growing on multiple fronts. Population is up +1.1% year-over-year while employers added jobs at a +1.9% clip — and home values reflect that momentum, rising +3.2% over the past 12 months.

Are people moving to Craighead County?

In significant numbers — 5.71% of Craighead County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Lonoke County, AR 93 Jefferson County, AR 89 Pope County, AR 88 White County, AR 99 Sebastian County, AR 85 Washington County, AR 84 Bowie County, TX 92 Manitowoc County, WI 92