Craighead County, Arkansas Housing Market Prices
Craighead 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 99% above the Arkansas median More expensive than 85% of counties in Arkansas$222,346
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Median rent 1% above the Arkansas median More expensive than 91% of counties in Arkansas$957
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Craighead County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,346 | $111,957 | $248,835 |
| Price Trend (Annual %) | 9.6% | 3.4% | 7.5% |
| Median Gross Rent | $957 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Craighead County is about 99% higher than in Arkansas. Rent is about 1% 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 Craighead County, up about 9.6% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Craighead County rose about 40.7% between 2015 and 2024, from $680 to $957. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Craighead County.
Buying the median-priced home in Craighead County costs roughly 19.4 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 Craighead County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Craighead County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,346 | $111,957 | $248,835 |
| Median Household Income | $59,696 | $60,940 | $80,455 |
| Price-to-Income Ratio | 3.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Craighead County rose about 124.0%, while median household income rose about 42.1% 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 | Craighead County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.6% | 57.4% | 58.5% |
| Rental Rate | 36.3% | 29.0% | 31.2% |
| Vacancy Rate | 9.1% | 13.5% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Craighead County has a homeownership rate of 54.6%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 9.1%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Craighead County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1991 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Craighead County was built around 1991. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Craighead County, AR Housing Compared With Nearby Counties
Craighead County, AR is the largest of the 6 counties compared here, 113,245 residents against a local median of 16,543. Where Craighead County, AR breaks from the counties next to it is median home price, sitting more than 4 times the local median of $49,177 at $222,346.
Median rent tells the same story from another angle: $957 against a local median of $707, 35% above it. The counties themselves spread $104,045 on median home price, so Craighead County, AR sits at one end of an already wide local range rather than apart from it. Craighead County, AR has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Craighead County, AR | 113,245 | $222,346 #1/6 | $957 #1/6 | 60.1% #6/6 |
| Poinsett County, AR | 22,543 | $33,456 | $619 | 64.4% |
| Greene County, AR | 46,432 | $137,502 | $904 | 66.2% |
| Lawrence County, AR | 16,233 | $49,177 | $696 | 66.5% |
| Cross County, AR | 16,543 | $59,218 | $764 | 67.5% |
| Clay County, AR | 14,278 | $47,513 | $707 | 74.7% |
Frequently Asked Questions
Common questions about the housing market in Craighead County, Arkansas.
What is the median home price in Craighead County, Arkansas?
The median home price in Craighead County, Arkansas is $222,346, higher than the Arkansas average of $111,957.
What is the average home price in Craighead County, Arkansas?
The typical home price in Craighead County, Arkansas, reported as the median sale price, is $222,346. 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 Craighead County, Arkansas?
The median gross rent in Craighead County, Arkansas is $957 per month, higher than the Arkansas average of $947.
What was the median gross rent in Craighead County in 2020?
In 2020, the median gross rent in Craighead County, Arkansas was $780 per month.
What is the price-to-rent ratio in Craighead County, Arkansas?
The price-to-rent ratio in Craighead County, Arkansas is about 19.4, meaning it would take roughly 19.4 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 Craighead County.
Are home prices or rent rising faster in Craighead County, Arkansas?
Both home prices and rent are rising in Craighead County, up about 9.6% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Craighead County, Arkansas?
54.6% of households in Craighead County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Craighead County, Arkansas?
The housing vacancy rate in Craighead County, Arkansas is 9.1%, lower than the Arkansas average of 13.5%.
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