Garland County, Arkansas Housing Market Prices
Garland 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 31% below the Arkansas median$77,340
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Median rent 2% above the Arkansas median More expensive than 92% of counties in Arkansas$966
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Garland County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,340 | $111,957 | $248,835 |
| Price Trend (Annual %) | -1.9% | 3.4% | 7.5% |
| Median Gross Rent | $966 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Garland County is about 31% lower than in Arkansas. Rent is about 2% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Garland County: home prices fell about 1.9% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
Median rent in Garland County rose about 35.7% between 2015 and 2024, from $712 to $966. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Garland County.
Buying the median-priced home in Garland County costs roughly 6.7 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 Garland County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Garland County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,340 | $111,957 | $248,835 |
| Median Household Income | $57,868 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Garland County fell about 19.4%, while median household income rose about 50.6% 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 | Garland County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 57.4% | 58.5% |
| Rental Rate | 25.3% | 29.0% | 31.2% |
| Vacancy Rate | 17.2% | 13.5% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Garland County has a homeownership rate of 57.4%, about the same as the Arkansas average of 57.4%. Its housing vacancy rate is 17.2%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Garland County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1984 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Garland County was built around 1984. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Garland County, AR Housing Compared With Nearby Counties
How Garland County, AR compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Garland County, AR | 100,035 | $77,340 #3/3 | $966 #2/3 | 69.4% #3/3 |
| Hot Spring County, AR | 33,176 | $88,995 | $768 | 76.5% |
| Saline County, AR | 127,467 | $192,380 | $1,033 | 78.2% |
Frequently Asked Questions
Common questions about the housing market in Garland County, Arkansas.
What is the median home price in Garland County, Arkansas?
The median home price in Garland County, Arkansas is $77,340, lower than the Arkansas average of $111,957.
What is the average home price in Garland County, Arkansas?
The typical home price in Garland County, Arkansas, reported as the median sale price, is $77,340. 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 Garland County, Arkansas?
The median gross rent in Garland County, Arkansas is $966 per month, higher than the Arkansas average of $947.
What was the median gross rent in Garland County in 2020?
In 2020, the median gross rent in Garland County, Arkansas was $790 per month.
What is the price-to-rent ratio in Garland County, Arkansas?
The price-to-rent ratio in Garland County, Arkansas is about 6.7, meaning it would take roughly 6.7 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 Garland County.
Are home prices or rent rising faster in Garland County, Arkansas?
Home prices and rent are moving in opposite directions in Garland County: home prices fell about 1.9% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Garland County, Arkansas?
57.4% of households in Garland County, Arkansas own their home, about the same as the Arkansas average.
What is the vacancy rate in Garland County, Arkansas?
The housing vacancy rate in Garland County, Arkansas is 17.2%, higher than the Arkansas average of 13.5%.
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