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 | Fulton County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,548 | $123,805 | $242,182 |
| Price Trend (Annual %) | 7.4% | 5.2% | 8.2% |
| Median Gross Rent | $596 | $913 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fulton County is about 54% lower than in Arkansas. Rent is about 35% 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 Fulton County, up about 7.4% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Fulton County rose about 17.2% between 2015 and 2023, from $508 to $596. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Fulton County.
Buying the median-priced home in Fulton County costs roughly 7.9 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 Fulton County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Fulton County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,548 | $123,805 | $242,182 |
| Median Household Income | $39,086 | $58,772 | $78,145 |
| Price-to-Income Ratio | 1.4 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fulton County fell about 4.3%, while median household income rose about 26.5% between 2009 and 2023 — 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 | Fulton County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 56.9% | 58.2% |
| Rental Rate | 11.8% | 29.1% | 31.3% |
| Vacancy Rate | 22.7% | 14.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Fulton County has a homeownership rate of 65.5%, higher than the Arkansas average of 56.9%. Its housing vacancy rate is 22.7%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Fulton County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Fulton County was built around 1980. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fulton County, Arkansas.
What is the median home price in Fulton County, Arkansas?
The median home price in Fulton County, Arkansas is $56,548, lower than the Arkansas average of $123,805.
What is the average home price in Fulton 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 Fulton County, Arkansas?
The median gross rent in Fulton County, Arkansas is $596 per month, lower than the Arkansas average of $913.
What was the median gross rent in Fulton County in 2020?
In 2020, the median gross rent in Fulton County, Arkansas was $531 per month.
What is the price-to-rent ratio in Fulton County, Arkansas?
The price-to-rent ratio in Fulton County, Arkansas is about 7.9, meaning it would take roughly 7.9 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 Fulton County.
Are home prices or rent rising faster in Fulton County, Arkansas?
Both home prices and rent are rising in Fulton County, up about 7.4% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fulton County, Arkansas?
65.5% of households in Fulton County, Arkansas own their home, higher than the Arkansas average of 56.9%.
What is the vacancy rate in Fulton County, Arkansas?
The housing vacancy rate in Fulton County, Arkansas is 22.7%, higher than the Arkansas average of 14.0%.