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 | Jefferson County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,835 | $123,805 | $242,182 |
| Price Trend (Annual %) | -9.9% | 5.2% | 8.2% |
| Median Gross Rent | $848 | $913 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jefferson County is about 84% lower than in Arkansas. Rent is about 7% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Jefferson County: home prices fell about 9.9% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Jefferson County rose about 26.9% between 2015 and 2023, from $668 to $848. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Jefferson County.
Buying the median-priced home in Jefferson 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 Jefferson County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Jefferson County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,835 | $123,805 | $242,182 |
| Median Household Income | $48,853 | $58,772 | $78,145 |
| Price-to-Income Ratio | 0.4 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jefferson County fell about 50.4%, while median household income rose about 38.7% 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 | Jefferson County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.1% | 56.9% | 58.2% |
| Rental Rate | 29.2% | 29.1% | 31.3% |
| Vacancy Rate | 20.8% | 14.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Jefferson County has a homeownership rate of 50.1%, lower than the Arkansas average of 56.9%. Its housing vacancy rate is 20.8%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Jefferson County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1975 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Jefferson County was built around 1975. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jefferson County, Arkansas.
What is the median home price in Jefferson County, Arkansas?
The median home price in Jefferson County, Arkansas is $19,835, lower than the Arkansas average of $123,805.
What is the average home price in Jefferson 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 Jefferson County, Arkansas?
The median gross rent in Jefferson County, Arkansas is $848 per month, lower than the Arkansas average of $913.
What was the median gross rent in Jefferson County in 2020?
In 2020, the median gross rent in Jefferson County, Arkansas was $740 per month.
What is the price-to-rent ratio in Jefferson County, Arkansas?
The price-to-rent ratio in Jefferson 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 Jefferson County.
Are home prices or rent rising faster in Jefferson County, Arkansas?
Home prices and rent are moving in opposite directions in Jefferson County: home prices fell about 9.9% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Jefferson County, Arkansas?
50.1% of households in Jefferson County, Arkansas own their home, lower than the Arkansas average of 56.9%.
What is the vacancy rate in Jefferson County, Arkansas?
The housing vacancy rate in Jefferson County, Arkansas is 20.8%, higher than the Arkansas average of 14.0%.