Drew County, Arkansas Housing Market Prices
Drew 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 46% below the Arkansas median$60,394
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Median rent 24% below the Arkansas median$724
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $60,394 | $111,957 | $248,835 |
| Price Trend (Annual %) | 4.8% | 3.4% | 7.5% |
| Median Gross Rent | $724 | $947 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Drew County is about 46% lower than in Arkansas. Rent is about 24% lower 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 Drew County, up about 4.8% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Drew County rose about 21.5% between 2015 and 2024, from $596 to $724. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Drew County.
Buying the median-priced home in Drew County costs roughly 7.0 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 Drew County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $60,394 | $111,957 | $248,835 |
| Median Household Income | $43,170 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Drew County fell about 6.3%, while median household income rose about 32.4% 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 | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.3% | 57.4% | 58.5% |
| Rental Rate | 31.5% | 29.0% | 31.2% |
| Vacancy Rate | 13.2% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Drew County has a homeownership rate of 55.3%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 13.2%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1984 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Drew County was built around 1984. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Drew County, AR Housing Compared With Nearby Counties
How Drew County, AR compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Drew County, AR | 17,048 | $60,394 #1/2 | $724 #1/2 | 63.7% #2/2 |
| Chicot County, AR | 9,757 | $13,235 | $573 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Drew County, Arkansas.
What is the median home price in Drew County, Arkansas?
The median home price in Drew County, Arkansas is $60,394, lower than the Arkansas average of $111,957.
What is the average home price in Drew County, Arkansas?
The typical home price in Drew County, Arkansas, reported as the median sale price, is $60,394. 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 Drew County, Arkansas?
The median gross rent in Drew County, Arkansas is $724 per month, lower than the Arkansas average of $947.
What was the median gross rent in Drew County in 2020?
In 2020, the median gross rent in Drew County, Arkansas was $661 per month.
What is the price-to-rent ratio in Drew County, Arkansas?
The price-to-rent ratio in Drew County, Arkansas is about 7.0, meaning it would take roughly 7.0 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 Drew County.
Are home prices or rent rising faster in Drew County, Arkansas?
Both home prices and rent are rising in Drew County, up about 4.8% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Drew County, Arkansas?
55.3% of households in Drew County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Drew County, Arkansas?
The housing vacancy rate in Drew County, Arkansas is 13.2%, lower than the Arkansas average of 13.5%.
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