ZIP Code Market Report
71638 — Dermott, AR
Data through February 2026 · Updated monthly
Avg Home Value
$55,950
▼ 23.2% year-over-year
Month-over-Month
-1.4%
▼ 1.4%
Single Family
$55,951
Condo / Co-op
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The average home value in the 71638 ZIP code (Dermott, ARKANSAS) is $55,950 as of February 2026. Home prices are declining, down 23.2% compared to last year.
The market in 71638 has a $118,301 spread between bottom-tier homes at $28,138 and top-tier homes at $146,439. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Drew County market area in ARKANSAS. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Drew County report.
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Market Snapshot
71638 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $57,664 | $56,744 | $55,950 | ▼ 3.0% |
| Single Family Value | $56,498 | $56,081 | $55,951 | ▼ 1.0% |
Home Values
71638 Home Value Trend
Historical home values for ZIP code 71638. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 71638
How different property types compare in this ZIP code.
All Homes
$55,950
Single Family
$55,951
Bottom Tier
$28,138
Top Tier
$146,439
Data Sources and Methodology
Home value data for ZIP code 71638 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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