Independence County, Arkansas Housing Market Prices
Independence 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 83% below the Arkansas median Cheaper than 93% of counties in Arkansas$18,924
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Median rent 11% below the Arkansas median More expensive than 72% of counties in Arkansas$845
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Independence County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,924 | $111,957 | $248,835 |
| Price Trend (Annual %) | 17.5% | 3.4% | 7.5% |
| Median Gross Rent | $845 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Independence County is about 83% lower than in Arkansas. Rent is about 11% 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 Independence County, up about 17.5% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Independence County rose about 47.6% between 2015 and 2024, from $573 to $845. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Independence County.
Buying the median-priced home in Independence County costs roughly 1.9 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 Independence County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Independence County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,924 | $111,957 | $248,835 |
| Median Household Income | $56,758 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Independence County fell about 78.1%, while median household income rose about 54.2% 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 | Independence County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.3% | 57.4% | 58.5% |
| Rental Rate | 26.9% | 29.0% | 31.2% |
| Vacancy Rate | 12.8% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Independence County has a homeownership rate of 60.3%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 12.8%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Independence County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1986 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Independence County was built around 1986. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Independence County, AR Housing Compared With Nearby Counties
Independence County, AR is the 2nd largest of the 6 counties compared here, 38,178 residents against a local median of 17,772. Where Independence County, AR breaks from the counties next to it is median home price, sitting 67% below the local median of $57,405 at $18,924.
The counties themselves spread $47,821 on median home price, so Independence County, AR sits at one end of an already wide local range rather than apart from it. Independence County, AR has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Independence County, AR | 38,178 | $18,924 #6/6 | $845 #3/6 | 69.2% #4/6 |
| Jackson County, AR | 16,709 | $34,389 | $667 | 65.5% |
| Sharp County, AR | 17,772 | $57,405 | $766 | 78.8% |
| Izard County, AR | 14,007 | $43,658 | $620 | 75.4% |
| Cleburne County, AR | 25,225 | $65,891 | $859 | 80.6% |
| White County, AR | 77,839 | $82,210 | $849 | 69.1% |
Frequently Asked Questions
Common questions about the housing market in Independence County, Arkansas.
What is the median home price in Independence County, Arkansas?
The median home price in Independence County, Arkansas is $18,924, lower than the Arkansas average of $111,957.
What is the average home price in Independence County, Arkansas?
The typical home price in Independence County, Arkansas, reported as the median sale price, is $18,924. 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 Independence County, Arkansas?
The median gross rent in Independence County, Arkansas is $845 per month, lower than the Arkansas average of $947.
What was the median gross rent in Independence County in 2020?
In 2020, the median gross rent in Independence County, Arkansas was $653 per month.
What is the price-to-rent ratio in Independence County, Arkansas?
The price-to-rent ratio in Independence County, Arkansas is about 1.9, meaning it would take roughly 1.9 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 Independence County.
Are home prices or rent rising faster in Independence County, Arkansas?
Both home prices and rent are rising in Independence County, up about 17.5% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Independence County, Arkansas?
60.3% of households in Independence County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Independence County, Arkansas?
The housing vacancy rate in Independence County, Arkansas is 12.8%, lower than the Arkansas average of 13.5%.
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