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 | Desha County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,250,000 | $123,805 | $242,182 |
| Price Trend (Annual %) | 118.9% | 5.2% | 8.2% |
| Median Gross Rent | $689 | $913 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Desha County is about 910% higher than in Arkansas. Rent is about 25% lower 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 Desha County, up about 118.9% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Desha County rose about 28.4% between 2015 and 2023, from $536 to $689. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 34.0 yearly household incomes in Desha County.
Buying the median-priced home in Desha County costs roughly 151.3 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 Desha County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Desha County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,250,000 | $123,805 | $242,182 |
| Median Household Income | $36,764 | $58,772 | $78,145 |
| Price-to-Income Ratio | 34.0 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Desha County rose about 2154.4%, while median household income rose about 35.7% 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 | Desha County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.4% | 56.9% | 58.2% |
| Rental Rate | 32.3% | 29.1% | 31.3% |
| Vacancy Rate | 18.3% | 14.0% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Desha County has a homeownership rate of 49.4%, lower than the Arkansas average of 56.9%. Its housing vacancy rate is 18.3%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Desha County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1973 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Desha County was built around 1973. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Desha County, Arkansas.
What is the median home price in Desha County, Arkansas?
The median home price in Desha County, Arkansas is $1,250,000, higher than the Arkansas average of $123,805.
What is the average home price in Desha 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 Desha County, Arkansas?
The median gross rent in Desha County, Arkansas is $689 per month, lower than the Arkansas average of $913.
What was the median gross rent in Desha County in 2020?
In 2020, the median gross rent in Desha County, Arkansas was $564 per month.
What is the price-to-rent ratio in Desha County, Arkansas?
The price-to-rent ratio in Desha County, Arkansas is about 151.3, meaning it would take roughly 151.3 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 Desha County.
Are home prices or rent rising faster in Desha County, Arkansas?
Both home prices and rent are rising in Desha County, up about 118.9% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Desha County, Arkansas?
49.4% of households in Desha County, Arkansas own their home, lower than the Arkansas average of 56.9%.
What is the vacancy rate in Desha County, Arkansas?
The housing vacancy rate in Desha County, Arkansas is 18.3%, higher than the Arkansas average of 14.0%.