Benton, Arkansas Housing Market Prices
Benton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 56% above the Arkansas median$174,503
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Median rent 13% above the Arkansas median$1,068
Housing Market Overview
| Metric | Benton | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,503 | $111,957 | $248,835 |
| Price Trend (Annual %) | 12.4% | 3.4% | 7.5% |
| Median Gross Rent | $1,068 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Benton is about 56% higher than in Arkansas. Rent is about 13% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Benton, up about 12.4% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Benton rose about 42.2% between 2015 and 2024, from $751 to $1,068. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Benton.
Buying the median-priced home in Benton costs roughly 13.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Benton. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Benton | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,503 | $111,957 | $248,835 |
| Median Household Income | $72,726 | $60,940 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Benton rose about 50.7%, while median household income rose about 41.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Benton | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 57.4% | 58.5% |
| Rental Rate | 28.7% | 29.0% | 31.2% |
| Vacancy Rate | 4.6% | 13.5% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Benton has a homeownership rate of 66.7%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 4.6%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Benton | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Benton was built around 1988. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Benton, Arkansas.
What is the median home price in Benton, Arkansas?
The median home price in Benton, Arkansas is $174,503, higher than the Arkansas average of $111,957.
What is the average home price in Benton, Arkansas?
The typical home price in Benton, Arkansas, reported as the median sale price, is $174,503. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Benton, Arkansas?
The median gross rent in Benton, Arkansas is $1,068 per month, higher than the Arkansas average of $947.
What was the median gross rent in Benton in 2020?
In 2020, the median gross rent in Benton, Arkansas was $806 per month.
What is the price-to-rent ratio in Benton, Arkansas?
The price-to-rent ratio in Benton, Arkansas is about 13.6, meaning it would take roughly 13.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Benton.
Are home prices or rent rising faster in Benton, Arkansas?
Both home prices and rent are rising in Benton, up about 12.4% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Benton, Arkansas?
66.7% of households in Benton, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Benton, Arkansas?
The housing vacancy rate in Benton, Arkansas is 4.6%, lower than the Arkansas average of 13.5%.
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