Jonesboro, Arkansas Housing Market Prices
Jonesboro 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 116% above the Arkansas median$242,075
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Median rent About the same as the Arkansas median$945
Housing Market Overview
| Metric | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,075 | $111,957 | $248,835 |
| Price Trend (Annual %) | 6.3% | 3.4% | 7.5% |
| Median Gross Rent | $945 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jonesboro is about 116% higher than in Arkansas. Rent follows a similar pattern, running close to 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 Jonesboro, up about 6.3% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Jonesboro rose about 37.1% between 2015 and 2024, from $689 to $945. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Jonesboro.
Buying the median-priced home in Jonesboro costs roughly 21.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Jonesboro. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,075 | $111,957 | $248,835 |
| Median Household Income | $54,469 | $60,940 | $80,455 |
| Price-to-Income Ratio | 4.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jonesboro rose about 124.8%, while median household income rose about 39.8% 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 | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.4% | 57.4% | 58.5% |
| Rental Rate | 43.2% | 29.0% | 31.2% |
| Vacancy Rate | 9.4% | 13.5% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Jonesboro has a homeownership rate of 47.4%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 9.4%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1991 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Jonesboro was built around 1991. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jonesboro, Arkansas.
What is the median home price in Jonesboro, Arkansas?
The median home price in Jonesboro, Arkansas is $242,075, higher than the Arkansas average of $111,957.
What is the average home price in Jonesboro, Arkansas?
The typical home price in Jonesboro, Arkansas, reported as the median sale price, is $242,075. 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 Jonesboro, Arkansas?
The median gross rent in Jonesboro, Arkansas is $945 per month, about the same as the Arkansas average.
What was the median gross rent in Jonesboro in 2020?
In 2020, the median gross rent in Jonesboro, Arkansas was $775 per month.
What is the price-to-rent ratio in Jonesboro, Arkansas?
The price-to-rent ratio in Jonesboro, Arkansas is about 21.4, meaning it would take roughly 21.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Jonesboro.
Are home prices or rent rising faster in Jonesboro, Arkansas?
Both home prices and rent are rising in Jonesboro, up about 6.3% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jonesboro, Arkansas?
47.4% of households in Jonesboro, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Jonesboro, Arkansas?
The housing vacancy rate in Jonesboro, Arkansas is 9.4%, lower than the Arkansas average of 13.5%.
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