Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Bryant | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $13,899 | $123,805 | $242,182 |
| Price Trend (Annual %) | 17.3% | 5.2% | 8.2% |
| Median Gross Rent | $977 | $913 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bryant is about 89% lower than in Arkansas. Rent is about 7% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bryant, up about 17.3% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Bryant rose about 13.2% between 2015 and 2023, from $863 to $977. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Bryant.
Buying the median-priced home in Bryant costs roughly 1.2 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 Bryant. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Bryant | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $13,899 | $123,805 | $242,182 |
| Median Household Income | $80,208 | $58,772 | $78,145 |
| Price-to-Income Ratio | 0.2 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Bryant fell about 81.3%, while median household income rose about 41.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bryant | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 56.9% | 58.2% |
| Rental Rate | 30.2% | 29.1% | 31.3% |
| Vacancy Rate | 2.5% | 14.0% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Bryant has a homeownership rate of 67.3%, higher than the Arkansas average of 56.9%. Its housing vacancy rate is 2.5%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Bryant | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1999 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Bryant was built around 1999. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bryant, Arkansas.
What is the median home price in Bryant, Arkansas?
The median home price in Bryant, Arkansas is $13,899, lower than the Arkansas average of $123,805.
What is the average home price in Bryant, Arkansas?
The typical home price in %s, reported as the median sale price, is %s. 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 Bryant, Arkansas?
The median gross rent in Bryant, Arkansas is $977 per month, higher than the Arkansas average of $913.
What was the median gross rent in Bryant in 2020?
In 2020, the median gross rent in Bryant, Arkansas was $807 per month.
What is the price-to-rent ratio in Bryant, Arkansas?
The price-to-rent ratio in Bryant, Arkansas is about 1.2, meaning it would take roughly 1.2 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 Bryant.
Are home prices or rent rising faster in Bryant, Arkansas?
Both home prices and rent are rising in Bryant, up about 17.3% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bryant, Arkansas?
67.3% of households in Bryant, Arkansas own their home, higher than the Arkansas average of 56.9%.
What is the vacancy rate in Bryant, Arkansas?
The housing vacancy rate in Bryant, Arkansas is 2.5%, lower than the Arkansas average of 14.0%.