Palestine, AR housing market
The typical Palestine home is worth about $133,000, up 0.6% in a year, 41% below the Arkansas typical home.
Home values, sales, trends and how Palestine compares with the towns next door — updated as new data is published.
Palestine at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Palestine | Arkansas |
|---|---|---|
| 2017 | $97,000 | $140,000 |
| 2018 | $100,000 | $145,000 |
| 2019 | $109,000 | $149,000 |
| 2020 | $124,000 | $156,000 |
| 2021 | $135,000 | $172,000 |
| 2022 | $140,000 | $197,000 |
| 2023 | $136,000 | $206,000 |
| 2024 | $139,000 | $212,000 |
| 2025 | $134,000 | $220,000 |
| 2026 | $133,000 | $224,000 |
| August 2026 | $133,000 | $227,000 |
No new homes permitted in 2022
No permits for new homes were issued in Palestine in 2022. The last year with any was 2005 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palestine's population fell by 175 and no new homes were permitted. Across Arkansas: 1.1 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 1 | 1 | 0 | $60,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 2 | 2 | 0 | $159,000 |
| 2002 | 19 | 1 | 18 | $837,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 1 | 1 | 0 | $125,000 |
Palestine's permit office didn't report to the Census in 2022, so the 2022 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $880
HUD's Fair Market Rent for a two-bedroom in Palestine is $880 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palestine pay a median of $758, so moving in tends to cost more than staying put.
Studio $630 · 4 bedrooms $1,250
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (72372; Lee County, AR), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.