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City · 5,434 residents · Lawrence County, Arkansas

Walnut Ridge , Arkansas

In Walnut Ridge, a typical home is worth $117,900 and typical rent is $739 a month. Compared with all of Lawrence County, the typical home value is 19% higher, typical rent is 6% higher, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $117,900

    19% above the county

    37% below Arkansas

    • Walnut Ridge
    • Lawrence
    • Arkansas

  • Typical rent

    $739a month

    6% above the county

    22% below Arkansas

    • Walnut Ridge
    • Lawrence
    • Arkansas

  • Typical household income

    $45,027a year

    About the same as the county

    26% below Arkansas

    • Walnut Ridge
    • Lawrence
    • Arkansas

  • Households that own their home

    57%

    9 points below the county

    9 points below Arkansas

    • Walnut Ridge
    • Lawrence
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$137,352
about the same as 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Walnut Ridge is in Lawrence County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lawrence County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Walnut Ridge apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Trumann, the typical rent is $586: 21% less than in Walnut Ridge ($739).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Walnut Ridge barely changed; in Arkansas, it rose 3.4%.

  3. The typical home in Walnut Ridge is worth $117,900, 19% more than in Lawrence County as a whole ($98,900).

  4. 57% of households in Walnut Ridge own their home, against 67% in Lawrence County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Walnut Ridge

What homes there are in Walnut Ridge, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Walnut Ridge, 8 in 10 homes are single-family detached houses, about the same as in Lawrence County.

Year built

By age, homes in Walnut Ridge look like those in Lawrence County: the typical year built is 1977.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,087 a month

Lawrence County: $1,013 a month

Without a mortgage

$360 a month

Lawrence County: $382 a month

Owners with a mortgage

56%

Lawrence County: 39%

The typical cost for an owner with a mortgage in Walnut Ridge is $1,087 a month, more than in Lawrence County ($1,013); without one, $360.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Walnut Ridge did not change clearly: the difference is within the Census margin of error.

Much as in Lawrence County, the typical rent in Walnut Ridge rose 26% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWalnut RidgeLawrence CountyArkansasUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.7%3.4%
People per household 2.322.362.462.53
Drive alone 87%83%79%69%
Carpool 9%12%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%2%3%
Work from home Unreliable estimate3%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

Much as in Lawrence County, a household in Walnut Ridge has 2.32 people on average.

To get to work, 87% of workers in Walnut Ridge drive alone; in Lawrence County, 83%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Walnut Ridge?

A typical home is within reach of the typical income

We start with a typical home in Walnut Ridge, worth $117,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Walnut Ridge, which is $45,027 a year.

The calculator's FHA and conventional loan limits are those of all of Lawrence County.

Your numbers

Local data
$

Starts at the typical home value in Walnut Ridge. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,127 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$927

at 7.18% · 30 years

Loan amount
$115,764
Total interest
$166,557
Paid off in
November 2056

Includes $1,991 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,051 a month

    Your payment · 25%

  • Tight

    $1,051 to $1,351 a month

  • Hard

    more than $1,351 a month

Compared with the typical household income in Walnut Ridge ($45,027 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$927
Principal & interest$784
Property tax$41
Home insurance$49
FHA mortgage insurance (MIP)$52

You need at least $4,127 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Walnut Ridge and Lawrence County

Walnut Ridge is in Lawrence County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Walnut Ridge's own numbers

Typical home value
$117,900
Typical monthly rent
$739
Typical yearly household income
$45,027
Households that own their home
57%
Effective property tax rate
0.42%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lawrence County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$909
Price change over 5 years (FHFA)
+39%
Homes in a high flood-risk zone
11%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lawrence County.

Everything about Lawrence County

Buying

Buying a home in Walnut Ridge

A typical home in Walnut Ridge is worth $117,900: 19% above the county and 37% below Arkansas. With the typical household income in Walnut Ridge ($45,027 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Walnut Ridge 2.6 years
  • Lawrence 2.2 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lawrence County

According to FHFA’s house price index, home prices in Lawrence County rose 47% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lawrence County.

Period County Arkansas U.S.
Last year (2025) −4.7% +3.4% +2.9%
5 years (2020–2025) +39% +52% +47%
10 years (2015–2025) +47% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Walnut Ridge next to Lawrence County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Walnut Ridge $117,900
  • Lawrence $98,900
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Walnut Ridge $739
  • Lawrence $697
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Walnut Ridge $45,027
  • Lawrence $44,882
  • Arkansas $60,773
  • United States $80,734
See the full table
Walnut Ridge next to Lawrence County and Arkansas
Measure Walnut Ridge Lawrence County Arkansas U.S.
Typical home value $117,900 $98,900 $188,000 $332,700
Typical monthly rent $739 $697 $947 $1,413
Typical yearly household income $45,027 $44,882 $60,773 $80,734
Households that own their home 57% 67% 66% 65%
Typical yearly property tax $501 $461 $1,040 $3,119
Effective property tax rate 0.42% 0.47% 0.55% 0.94%
Renters with high rent for their income 44% 43% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lawrence County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Walnut Ridge

For a typical $117,900 home in Walnut Ridge, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Walnut Ridge's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $927a month

    Least cash to close
    Down payment
    $4,127
    Cash to close
    $7,664
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $52

  • Conventional, 5% down $905a month

    Down payment
    $5,895
    Cash to close
    $9,432
    Rate
    7.18%
    Mortgage insurance
    PMI · $56

  • Conventional, 20% down, no PMI $729a month

    Down payment
    $23,580
    Cash to close
    $27,117
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $838a month

    Down payment
    $17,685
    Cash to close
    $21,222
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Walnut Ridge and for Lawrence County.

Property tax

Effective rate in Walnut Ridge

0.42%of the home’s value each year

$501 a year for the typical owner in Walnut Ridge.

  • Walnut Ridge 0.42%
  • Lawrence 0.47%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Lawrence County

FEMA does not publish these numbers by city: they are for all of Lawrence County.

Homes in the high-risk zone
11%
642
Of those, with NFIP insurance
11%
County Arkansas U.S.
Homes in the high-risk zone 11% 3.4% 3.5%
Of those, with NFIP insurance 11% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Walnut Ridge

Typical rent in Walnut Ridge is $739 a month: 6% above the county. In Walnut Ridge, 44% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lawrence County, by unit size. To pay the 2-bedroom one ($909 a month) without spending more than 30% of your income, you would need to earn $17.48 an hour working full time.

HUD fair market rent for all of Lawrence County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $646 $12.42 $25,840
1 bedroom $695 $13.37 $27,800
2 bedrooms $909 $17.48 $36,360
3 bedrooms $1,174 $22.58 $46,960
4 bedrooms $1,519 $29.21 $60,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Walnut Ridge

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Walnut Ridge is in ZIP code 72476.

For 2 bedrooms it is $940: $31 more than the fair market rent for Lawrence County ($909).

  • 72476 $940$1,270

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Walnut Ridge when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Walnut Ridge

HUD lists 3 buildings with rents for lower incomes in Walnut Ridge. These are the largest.

  • Larkspur Gardens 109 SW Larkspur Dr, Walnut Ridge 72476 30 low-income homes · 1 bd: 26 · 2 bd: 4
  • Larkspur Gardens 109 S Larkspur LN, Walnut Ridge 72476 30 low-income homes · For older adults (870) 886-7816
  • Brad of Walnut Ridge 601 Pocahontas Rd, Walnut Ridge 72476 24 homes, 20 low-income · For older adults (870) 892-4547

See all 11 buildings in Lawrence County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Walnut Ridge

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Lawrence County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Walnut Ridge

No down payment, repair or rent-help program on our list is for Walnut Ridge or Lawrence County. The ones below are statewide in Arkansas: they work in Walnut Ridge the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Walnut Ridge

The HUD-approved agencies closest to the center of Walnut Ridge, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    326 Highway 463 N, Trumann · 37 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (870) 816-1126

  • Mississippi County, Arkansas Economic Opportunity Commission, Inc.

    1400 North Division Street, Blytheville · 58 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    870-776-1054-1032

  • Southern Bancorp Community Partners

    425 Plaza, West Helena · 108 miles away

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (870) 816-1126

All counseling agencies in Arkansas

Help in Spanish near Walnut Ridge

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Walnut Ridge

HUD’s record names them for Walnut Ridge or Lawrence County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Lawrence County Public Housing Agency Section 8 vouchers (870) 886-7816

One other authority has an office in Lawrence County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Walnut Ridge, with the typical home value.

Everything about Lawrence County Housing in Arkansas

Neighboring counties

If Lawrence County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Walnut Ridge.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Walnut Ridge

Short answers with the numbers for Walnut Ridge and all of Lawrence County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Walnut Ridge?

The typical home value in Walnut Ridge is $117,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lawrence County it is $98,900.

How much does it cost to rent in Walnut Ridge?

Typical rent in Walnut Ridge is $739 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lawrence County is $909.

What is the FHA loan limit in Walnut Ridge?

Walnut Ridge uses the FHA limit for all of Lawrence County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Walnut Ridge?

The typical homeowner in Walnut Ridge pays $501 a year, according to the U.S. Census Bureau. That is 0.42% of the home’s value; in Lawrence County, the rate is 0.47%.

Where can I find free help to buy or rent in Walnut Ridge?

We found no HUD-approved counseling agencies with an office in Lawrence County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).