Greene County, Arkansas Housing Market Prices
Greene 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 23% above the Arkansas median$137,502
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Median rent 5% below the Arkansas median More expensive than 88% of counties in Arkansas$904
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greene County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,502 | $111,957 | $248,835 |
| Price Trend (Annual %) | 13.7% | 3.4% | 7.5% |
| Median Gross Rent | $904 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greene County is about 23% higher than in Arkansas. Rent is about 5% 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 Greene County, up about 13.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Greene County rose about 35.0% between 2015 and 2024, from $670 to $904. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Greene County.
Buying the median-priced home in Greene County costs roughly 12.7 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 Greene County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Greene County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,502 | $111,957 | $248,835 |
| Median Household Income | $58,818 | $60,940 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greene County rose about 106.8%, while median household income rose about 47.5% 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 | Greene County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 57.4% | 58.5% |
| Rental Rate | 31.0% | 29.0% | 31.2% |
| Vacancy Rate | 8.2% | 13.5% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Greene County has a homeownership rate of 60.8%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 8.2%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Greene County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1990 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Greene County was built around 1990. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Greene County, AR Housing Compared With Nearby Counties
Greene County, AR is the 2nd largest of the 6 counties compared here, 46,432 residents against a local median of 18,840. The measure that sets Greene County, AR apart most is median rent: $904, 30% above the local median of $696.
The counties themselves spread $310 on median rent, so Greene County, AR sits at one end of an already wide local range rather than apart from it. Greene County, AR has the 2nd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greene County, AR | 46,432 | $137,502 #3/6 | $904 #2/6 | 66.2% #4/6 |
| Clay County, AR | 14,278 | $47,513 | $707 | 74.7% |
| Craighead County, AR | 113,245 | $222,346 | $957 | 60.1% |
| Dunklin County, MO | 23,538 | $157,211 | $647 | 62.3% |
| Randolph County, AR | 18,840 | $131,992 | $674 | 73.5% |
| Lawrence County, AR | 16,233 | $49,177 | $696 | 66.5% |
Frequently Asked Questions
Common questions about the housing market in Greene County, Arkansas.
What is the median home price in Greene County, Arkansas?
The median home price in Greene County, Arkansas is $137,502, higher than the Arkansas average of $111,957.
What is the average home price in Greene County, Arkansas?
The typical home price in Greene County, Arkansas, reported as the median sale price, is $137,502. 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 Greene County, Arkansas?
The median gross rent in Greene County, Arkansas is $904 per month, lower than the Arkansas average of $947.
What was the median gross rent in Greene County in 2020?
In 2020, the median gross rent in Greene County, Arkansas was $725 per month.
What is the price-to-rent ratio in Greene County, Arkansas?
The price-to-rent ratio in Greene County, Arkansas is about 12.7, meaning it would take roughly 12.7 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 Greene County.
Are home prices or rent rising faster in Greene County, Arkansas?
Both home prices and rent are rising in Greene County, up about 13.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greene County, Arkansas?
60.8% of households in Greene County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Greene County, Arkansas?
The housing vacancy rate in Greene County, Arkansas is 8.2%, lower than the Arkansas average of 13.5%.
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