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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clark County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,533 | $123,805 | $242,182 |
| Price Trend (Annual %) | 26.5% | 5.2% | 8.2% |
| Median Gross Rent | $734 | $913 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clark County is about 16% higher than in Arkansas. Rent is about 20% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Clark County, up about 26.5% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Clark County rose about 26.6% between 2015 and 2023, from $579 to $734. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Clark County.
Buying the median-priced home in Clark County costs roughly 16.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Clark County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Clark County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,533 | $123,805 | $242,182 |
| Median Household Income | $51,333 | $58,772 | $78,145 |
| Price-to-Income Ratio | 2.8 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clark County rose about 221.2%, while median household income rose about 61.7% between 2009 and 2023 — 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 | Clark County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.1% | 56.9% | 58.2% |
| Rental Rate | 31.3% | 29.1% | 31.3% |
| Vacancy Rate | 18.6% | 14.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Clark County has a homeownership rate of 50.1%, lower than the Arkansas average of 56.9%. Its housing vacancy rate is 18.6%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Clark County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1987 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Clark County was built around 1987. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clark County, Arkansas.
What is the median home price in Clark County, Arkansas?
The median home price in Clark County, Arkansas is $143,533, higher than the Arkansas average of $123,805.
What is the average home price in Clark County, 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 Clark County, Arkansas?
The median gross rent in Clark County, Arkansas is $734 per month, lower than the Arkansas average of $913.
What was the median gross rent in Clark County in 2020?
In 2020, the median gross rent in Clark County, Arkansas was $600 per month.
What is the price-to-rent ratio in Clark County, Arkansas?
The price-to-rent ratio in Clark County, Arkansas is about 16.3, meaning it would take roughly 16.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Clark County.
Are home prices or rent rising faster in Clark County, Arkansas?
Both home prices and rent are rising in Clark County, up about 26.5% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clark County, Arkansas?
50.1% of households in Clark County, Arkansas own their home, lower than the Arkansas average of 56.9%.
What is the vacancy rate in Clark County, Arkansas?
The housing vacancy rate in Clark County, Arkansas is 18.6%, higher than the Arkansas average of 14.0%.