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 | Crawford County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $236,454 | $123,805 | $242,182 |
| Price Trend (Annual %) | 10.0% | 5.2% | 8.2% |
| Median Gross Rent | $827 | $913 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crawford County is about 91% higher than in Arkansas. Rent is about 9% 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 Crawford County, up about 10.0% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Crawford County rose about 29.7% between 2015 and 2023, from $638 to $827. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Crawford County.
Buying the median-priced home in Crawford County costs roughly 23.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Crawford County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Crawford County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $236,454 | $123,805 | $242,182 |
| Median Household Income | $60,453 | $58,772 | $78,145 |
| Price-to-Income Ratio | 3.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Crawford County rose about 280.9%, while median household income rose about 54.8% 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 | Crawford County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 56.9% | 58.2% |
| Rental Rate | 23.2% | 29.1% | 31.3% |
| Vacancy Rate | 9.9% | 14.0% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Crawford County has a homeownership rate of 66.9%, higher than the Arkansas average of 56.9%. Its housing vacancy rate is 9.9%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Crawford County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Crawford County was built around 1980. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crawford County, Arkansas.
What is the median home price in Crawford County, Arkansas?
The median home price in Crawford County, Arkansas is $236,454, higher than the Arkansas average of $123,805.
What is the average home price in Crawford 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 Crawford County, Arkansas?
The median gross rent in Crawford County, Arkansas is $827 per month, lower than the Arkansas average of $913.
What was the median gross rent in Crawford County in 2020?
In 2020, the median gross rent in Crawford County, Arkansas was $699 per month.
What is the price-to-rent ratio in Crawford County, Arkansas?
The price-to-rent ratio in Crawford County, Arkansas is about 23.8, meaning it would take roughly 23.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Crawford County.
Are home prices or rent rising faster in Crawford County, Arkansas?
Both home prices and rent are rising in Crawford County, up about 10.0% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crawford County, Arkansas?
66.9% of households in Crawford County, Arkansas own their home, higher than the Arkansas average of 56.9%.
What is the vacancy rate in Crawford County, Arkansas?
The housing vacancy rate in Crawford County, Arkansas is 9.9%, lower than the Arkansas average of 14.0%.