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 | Johnson County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,611 | $123,805 | $242,182 |
| Price Trend (Annual %) | 1.0% | 5.2% | 8.2% |
| Median Gross Rent | $714 | $913 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Johnson County is about 85% lower than in Arkansas. Rent is about 22% 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 Johnson County, up about 1.0% and 2.6% a year respectively. Rent is changing faster.
Median rent in Johnson County rose about 17.9% between 2015 and 2023, from $605 to $714. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Johnson County.
Buying the median-priced home in Johnson County costs roughly 2.2 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 Johnson County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Johnson County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,611 | $123,805 | $242,182 |
| Median Household Income | $44,917 | $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 Johnson County fell about 66.6%, while median household income rose about 45.0% 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 | Johnson County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 56.9% | 58.2% |
| Rental Rate | 24.7% | 29.1% | 31.3% |
| Vacancy Rate | 12.8% | 14.0% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Johnson County has a homeownership rate of 62.5%, higher than the Arkansas average of 56.9%. Its housing vacancy rate is 12.8%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Johnson County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1984 | 1986 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Johnson County was built around 1984. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Johnson County, Arkansas.
What is the median home price in Johnson County, Arkansas?
The median home price in Johnson County, Arkansas is $18,611, lower than the Arkansas average of $123,805.
What is the average home price in Johnson 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 Johnson County, Arkansas?
The median gross rent in Johnson County, Arkansas is $714 per month, lower than the Arkansas average of $913.
What was the median gross rent in Johnson County in 2020?
In 2020, the median gross rent in Johnson County, Arkansas was $618 per month.
What is the price-to-rent ratio in Johnson County, Arkansas?
The price-to-rent ratio in Johnson County, Arkansas is about 2.2, meaning it would take roughly 2.2 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 Johnson County.
Are home prices or rent rising faster in Johnson County, Arkansas?
Both home prices and rent are rising in Johnson County, up about 1.0% and 2.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Johnson County, Arkansas?
62.5% of households in Johnson County, Arkansas own their home, higher than the Arkansas average of 56.9%.
What is the vacancy rate in Johnson County, Arkansas?
The housing vacancy rate in Johnson County, Arkansas is 12.8%, lower than the Arkansas average of 14.0%.