Counties / Arkansas / Sharp County

Sharp County, AR

FIPS 05135 · population 17,773 · outside every metro area

$149k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$149k
▲ 1.7% year over year
Zillow ZHVI · direct
ACS median gross rent
$766
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$880
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+62.3%not annualized · through 2025
0%ZILLOW ZHVI2026-06+1.7%FHFA HPI2025+3.3%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$105k
Surveyed gross rent$766
Rent burden 30%+37.8%
Median year built1978
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
28.0%vacant
9,525estimated housing units
Occupied tenure21.2% renter
owner 78.8%renter 21.2%
Structure mix82.6% single-family
Single-family 82.6%20+ units 0.7%Mobile home 12.2%Other 4.6%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs3,946▼ 0.2% from the prior annual release
Covered establishments420annual average reporting locations
Average weekly wage$797▲ 7.7% from the prior annual release
Largest private supersectorEducation and health services31.8% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.2%WEEKLY WAGE+7.7%Education and health services31.8%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Sharp County presents a price-versus-cash-flow verification problem: investors prepared to document leases, taxes and flood costs should investigate, while those underwriting from appreciation or HUD standards should be cautious. Zillow’s county median home value was $149,148 in 2026-06, up 1.74% year over year. Separately, FHFA’s 2025 annual repeat-transaction HPI rose 3.28%. This is directional corroboration, not a home value or a growth rate that can be blended with Zillow because the methods and vintages differ.

02Housing economics

Market rent is not published, so gross yield cannot be computed. HUD’s two-bedroom FMR is a payment standard, not an estimate of asking rent, and cannot fill that gap. The 0.56% effective property-tax rate is a useful carrying-cost input, but assessed values, insurance premiums, repairs, vacancy and other operating costs are not published. Thus neither cash flow nor rent-to-price economics can be established from the record.

03Demand & competition

Realtor.com’s 2026-06 MLS listing evidence creates a supply/concession tension rather than a sale-price conclusion: 167 active listings, up 13.65%, faced a 79-day median marketing time, while 12.86% of listings had price reductions. These measures describe visible inventory, seller concessions and marketing time; they do not prove buyer demand or closed-sale pricing. Net migration of 87 tax-return households came with a $5,069 higher average AGI for entrants than leavers. Investors made 20.09% of 214 purchases, signaling potential competition but not support for a particular asset’s value.

04Risk & next checks

Annual QCEW shows covered employment at county workplaces edged down while average covered-worker pay rose, with Education and health services the largest disclosed private supersector rather than the whole economy. These are not resident employment, unemployment or forecasts, and industry concentration should be tested against a property’s tenant base. The 0.29% modeled annual building-value loss measure is consistent with inland flood as the named dominant hazard, but it is not a parcel-specific loss estimate. Obtain lease comps and occupancy, closed-sale comps, flood-zone and insurance quotes, tax assessment, and property-condition evidence before concluding on yield, resale liquidity or hazard-adjusted carrying costs.

Cities & communities

Where people live within Sharp County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Cherokee Village city*5KHorseshoe Bend city*2.6KCave City city*2.1KHighland city1.4KAsh Flat city*1.2KHardy city*890Ozark Acres CDP670Evening Shade city534
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

10 Census places

Population
  1. 01
    Cherokee Village cityIncorporated place · spans 2 counties
    5,046
  2. 02
    Horseshoe Bend cityIncorporated place · spans 3 counties
    2,555
  3. 03
    Cave City cityIncorporated place · spans 2 counties
    2,090
  4. 04
    Highland cityIncorporated place
    1,354
  5. 05
    Ash Flat cityIncorporated place · spans 2 counties
    1,217
  6. 06
    Hardy cityIncorporated place · spans 2 counties
    890
  7. 07
    Ozark Acres CDPCensus-designated place
    670
  8. 08
    Evening Shade cityIncorporated place
    534
  9. 09
    Sidney townIncorporated place
    175
  10. 10
    Williford townIncorporated place
    71

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.287% of building value expected lost per year

Effective property tax0.56%

$584 median annual bill

02
DemandIRS SOI household flows
Net migration+87

617 in · 530 out

Arriving vs leaving income+$5,069

$42,582 arriving · $37,513 leaving

03
CompetitionHMDA financed purchases
Purchases by investors20.1%

43 of 214 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings167▲ 13.7% year over year
Median days on market79▼ 7.9% year over year
Listings price-reduced12.9%seller-concession signal
Median listing pricen/a▲ 13.5% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Published market rent is absent, so revenue and gross yield may differ materially from the preliminary price case.
  2. Inland-flood exposure may create insurance, mitigation or availability costs that the county-level modeled loss measure cannot identify.
  3. MLS listing evidence may not translate into closed-sale value or resale liquidity.
Underwriting questions

Before pricing a property

Can gross yield be calculated from the supplied record?

No. Market asking rent is not published, and HUD FMR cannot replace it.

Do the Realtor.com figures establish a closed-sale value?

No. They are MLS asking-price, active-inventory, marketing-time and reduction evidence, not closed sales.

Does QCEW describe local residents’ employment?

No. It measures annual covered jobs at workplaces in the county, not resident employment or unemployment.