A typical Bonanza home is worth roughly $133,000
Home prices around Bonanza have risen about 56% over the past 5 years. Builders were permitted 45 new homes in 2025.
What kind of housing town is Bonanza?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.1 years of income
Less than across Arkansas (3.7 years). Try your own numbers below.
That covers a typical Bonanza home, with $118K to spare.
A two-bedroom rents for about $1,180 a month here, $390 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Bonanza’s typical property tax (0.84% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 56% in 5 years
The federal house price index for the ZIP code around Bonanza rose 56% over the past 5 years, faster than across Arkansas (52%). Last year prices rose 4.5%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Bonanza, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,180
Renters already here pay a median of $945, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Fort Smith, AR-OK MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
45 new homes permitted in 2025
Builders were permitted 45 new homes in Bonanza in 2025: 13 single-family houses and 32 in buildings with two or more homes, worth about $7.6 million to build. Over the past 10 years, Bonanza has permitted 59 homes in all.
Between the 2010 and 2020 censuses, Bonanza gained 12 residents while 10 new homes were permitted: about 1.2 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Arkansas: 1.1 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 21 | 5 | 16 | $3.4 million |
| 2025 | 45 | 13 | 32 | $7.6 million |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 7 | 7 | 0 | $1.8 million |
| 2021 | 1 | 1 | 0 | $250,000 |
| 2020 | 3 | 3 | 0 | $400,000 |
| 2019 | 1 | 1 | 0 | $175,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $150,000 |
| 2016 | 1 | 1 | 0 | $75,000 |
| 2015 | 3 | 3 | 0 | $123,000 |
| 2014 | 3 | 3 | 0 | $290,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $80,000 |
| 2009 | 1 | 1 | 0 | $80,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 6 | 6 | 0 | $937,000 |
| 2006 | 6 | 6 | 0 | $1.1 million |
| 2005 | 5 | 5 | 0 | $635,000 |
| 2004 | 5 | 5 | 0 | $720,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 4 | 4 | 0 | $728,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
79% of Bonanza households own their home
Half of Bonanza’s homes were built before 1987.
Arkansas: 66% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
On the market in Bonanza
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Bonanza buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.