Faulkner County, Arkansas Housing Market Prices
Faulkner 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 64% above the Arkansas median More expensive than 77% of counties in Arkansas$183,745
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Median rent 6% above the Arkansas median More expensive than 93% of counties in Arkansas$1,005
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Faulkner County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,745 | $111,957 | $248,835 |
| Price Trend (Annual %) | 5.9% | 3.4% | 7.5% |
| Median Gross Rent | $1,005 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Faulkner County is about 64% higher than in Arkansas. Rent is about 6% 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 Faulkner County, up about 5.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Faulkner County rose about 37.7% between 2015 and 2024, from $730 to $1,005. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Faulkner County.
Buying the median-priced home in Faulkner County costs roughly 15.2 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 Faulkner County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Faulkner County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,745 | $111,957 | $248,835 |
| Median Household Income | $66,777 | $60,940 | $80,455 |
| Price-to-Income Ratio | 2.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Faulkner County rose about 62.4%, while median household income rose about 42.7% 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 | Faulkner County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.3% | 57.4% | 58.5% |
| Rental Rate | 34.7% | 29.0% | 31.2% |
| Vacancy Rate | 8.1% | 13.5% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Faulkner County has a homeownership rate of 57.3%, about the same as the Arkansas average of 57.4%. Its housing vacancy rate is 8.1%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Faulkner County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1996 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Faulkner County was built around 1996. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Faulkner County, AR Housing Compared With Nearby Counties
Faulkner County, AR is the 2nd largest of the 5 counties compared here, 127,709 residents against a local median of 50,246. Faulkner County, AR's median home price, at $183,745, runs 30% above the $140,939 typical of the counties around it.
Homeownership tells the same story from another angle: 62.3% against a local median of 76.4%, 18% below it. The one measure here that carries a verdict is homeownership, and at 18% below the local median it puts Faulkner County, AR at the weaker end of the local range. The counties themselves spread $129,697 on median home price, so Faulkner County, AR sits at one end of an already wide local range rather than apart from it. Faulkner County, AR has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Faulkner County, AR | 127,709 | $183,745 #3/5 | $1,005 #3/5 | 62.3% #4/5 |
| Pulaski County, AR | 399,629 | $187,117 | $1,080 | 57.0% |
| Van Buren County, AR | 15,983 | $94,761 | $721 | 77.9% |
| Cleburne County, AR | 25,225 | $65,891 | $859 | 80.6% |
| Lonoke County, AR | 75,267 | $195,587 | $1,025 | 75.0% |
Frequently Asked Questions
Common questions about the housing market in Faulkner County, Arkansas.
What is the median home price in Faulkner County, Arkansas?
The median home price in Faulkner County, Arkansas is $183,745, higher than the Arkansas average of $111,957.
What is the average home price in Faulkner County, Arkansas?
The typical home price in Faulkner County, Arkansas, reported as the median sale price, is $183,745. 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 Faulkner County, Arkansas?
The median gross rent in Faulkner County, Arkansas is $1,005 per month, higher than the Arkansas average of $947.
What was the median gross rent in Faulkner County in 2020?
In 2020, the median gross rent in Faulkner County, Arkansas was $819 per month.
What is the price-to-rent ratio in Faulkner County, Arkansas?
The price-to-rent ratio in Faulkner County, Arkansas is about 15.2, meaning it would take roughly 15.2 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 Faulkner County.
Are home prices or rent rising faster in Faulkner County, Arkansas?
Both home prices and rent are rising in Faulkner County, up about 5.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Faulkner County, Arkansas?
57.3% of households in Faulkner County, Arkansas own their home, about the same as the Arkansas average.
What is the vacancy rate in Faulkner County, Arkansas?
The housing vacancy rate in Faulkner County, Arkansas is 8.1%, lower than the Arkansas average of 13.5%.
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