71854 — Miller County, Arkansas Market Snapshot
Housing market data for zip code 71854 in Miller County, Arkansas. Updated monthly with median prices, days on market, and more.
Market Sales Data
69 sales in 2026 (year to date)
Median Sale Price
$230,000
Days to Sell
89
Homes Sold
69
Inventory
118
Sale-to-List
96.1%
New Listings
85
Price/SqFt
$129
Pending Sales
79
Conforming Loan Available
Most homebuyers in 71854 can comfortably use conventional financing. The median home price of $230,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 89 days on average, 71854 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 71854 sells for 3.9% below asking price (96.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71854 can comfortably use conventional financing. The median home price of $230,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 71854 are set at the county level.
2026 Loan Limits — Miller County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 71854
To purchase the median home at $230,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,912.
Monthly Payment
$1,912
Income Required
$81,951
Principal & Interest
$1,417/mo
Down Payment (5%)
$11,500
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 71854.
Estimated Monthly Payment
$1,573
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