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Craighead County, AR

RANK #351 / 996  ·  POP 111,038  ·  AR

PROJECTED GROWTH: +1.3%

Craighead County combines solid growth with real affordability — a rare combination.

[01] Why Craighead County?

Craighead County, Arkansas, stands out for having two county seats, Jonesboro and Lake City, a unique arrangement in the state. Located in northeast Arkansas, Jonesboro, the largest city, is approximately 68 miles northwest of Memphis, Tennessee. The county is characterized by Crowley's Ridge, a crescent-shaped outcropping offering higher ground and natural scenery amidst the flatter alluvial plains. Outdoor recreation is available at places like Craighead Forest Park, which offers hiking, biking, fishing, and camping. Life in Craighead County is shaped by its agricultural roots and growing industries. The economy, historically reliant on farming, has diversified into manufacturing, healthcare, and education, with Arkansas State University in Jonesboro being a significant institution. Recent economic developments include investments in industrial infrastructure, such as the expansion of water service in Craighead Technology Park, and new manufacturing facilities. Public schools in the county are generally above average, with several highly-ranked elementary and intermediate schools.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
+3.2%

Outpacing national median

Climate & Terrain
-2.2

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Craighead County U.S. National

The Numbers

DEMOGRAPHICS
Population
111,038
+1.06% YoY
Median Household Income
$55,169
Median Home Value
$182,600
+3.18% 12mo
Median Rent
$870
Average Annual Pay
$51,690
+2.3% YoY
Employment
55,053
+1.9% YoY
Income-to-Home-Value
0.3021
More affordable than average
Migration Inflow
5.71%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$215,000
Days on Market
96
Slower market
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
14.3%
Listings w/ Price Drops
18.5%
Building Permits (2024)
923
Single-Family Permits
610

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$250M
TOTAL
PROJECT AMOUNT STATUS
Pinnacle Solar
Pedal Steel Solar
$150M Proposed
Industrial Water Expansion (Craighead Technology Park South)
Jonesboro Unlimited, AEDC, Craighead County, Jonesboro City Water & Light
$50M Under Construction
InnovAsian Cuisine Manufacturing Facility
InnovAsian Cuisine Enterprises Inc. (subsidiary of Nichirei Foods Inc.)
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.9% 55 percentile
Population Growth +1.1% 74 percentile
Income Growth +6.5% 13 percentile
Vacancy Rate 1.2% 43 percentile
Home Price Change +3.2% 74 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Craighead County, AR a good place to move to?

Craighead County has a Boom Town Index score of 65/100, ranking #351 among 996 U.S. counties. With job growth at +1.9% and a median household income of $55,169, it's an above-average county on economic indicators.

Is Craighead County affordable?

The median home value in Craighead County is $182,600 with median rent at $870/month. The income-to-home-value ratio is 0.3021, which is more affordable than the national average.

Is Craighead County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: +1.9%. Home values changed +3.2% in the past 12 months.

Are people moving to Craighead County?

Yes — 5.71% of Craighead County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Lycoming County, PA 75 Hancock County, IN 75 Matanuska-Susitna Borough, AK 75 Granville County, NC 75 Bradford County, PA 75 Douglas County, KS 75 Albany County, NY 75 Comanche County, OK 75