Chicot County, Arkansas Housing Market Prices
Chicot County 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 88% below the Arkansas median Among the top 3 cheapest counties in Arkansas$13,235
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Median rent 39% below the Arkansas median Among the top 3 cheapest counties in Arkansas$573
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chicot County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $13,235 | $111,957 | $248,835 |
| Price Trend (Annual %) | -10.3% | 3.4% | 7.5% |
| Median Gross Rent | $573 | $947 | $1,407 |
| Rent Trend (Annual %) | 0.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chicot County is about 88% lower than in Arkansas. Rent is about 39% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Chicot County: home prices fell about 10.3% a year while rent rose about 0.5% a year. That is an unusual pattern worth watching.
Median rent in Chicot County fell about 0.1% between 2015 and 2024, from $574 to $573. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Chicot County.
Buying the median-priced home in Chicot County costs roughly 1.9 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 Chicot County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Chicot County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $13,235 | $111,957 | $248,835 |
| Median Household Income | $39,123 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chicot County fell about 86.5%, while median household income rose about 80.3% between 2009 and 2025 — 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 | Chicot County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.7% | 57.4% | 58.5% |
| Rental Rate | 23.9% | 29.0% | 31.2% |
| Vacancy Rate | 22.4% | 13.5% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Chicot County has a homeownership rate of 53.7%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 22.4%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Chicot County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1978 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Chicot County was built around 1978. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chicot County, Arkansas.
What is the median home price in Chicot County, Arkansas?
The median home price in Chicot County, Arkansas is $13,235, lower than the Arkansas average of $111,957.
What is the average home price in Chicot County, Arkansas?
The typical home price in Chicot County, Arkansas, reported as the median sale price, is $13,235. 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 Chicot County, Arkansas?
The median gross rent in Chicot County, Arkansas is $573 per month, lower than the Arkansas average of $947.
What was the median gross rent in Chicot County in 2020?
In 2020, the median gross rent in Chicot County, Arkansas was $567 per month.
What is the price-to-rent ratio in Chicot County, Arkansas?
The price-to-rent ratio in Chicot County, Arkansas is about 1.9, meaning it would take roughly 1.9 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 Chicot County.
Are home prices or rent rising faster in Chicot County, Arkansas?
Home prices and rent are moving in opposite directions in Chicot County: home prices fell about 10.3% a year while rent rose about 0.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Chicot County, Arkansas?
53.7% of households in Chicot County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Chicot County, Arkansas?
The housing vacancy rate in Chicot County, Arkansas is 22.4%, higher than the Arkansas average of 13.5%.
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