Lafayette County, Arkansas Housing Market Prices
Lafayette 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 25% below the Arkansas median$84,421
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Median rent 20% below the Arkansas median$755
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lafayette County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,421 | $111,957 | $248,835 |
| Price Trend (Annual %) | 10.6% | 3.4% | 7.5% |
| Median Gross Rent | $755 | $947 | $1,407 |
| Rent Trend (Annual %) | 7.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lafayette County is about 25% lower than in Arkansas. Rent is about 20% 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 Lafayette County, up about 10.6% and 7.7% a year respectively. Home prices are changing faster.
Median rent in Lafayette County rose about 60.4% between 2015 and 2024, from $471 to $755. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Lafayette County.
Buying the median-priced home in Lafayette County costs roughly 9.3 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 Lafayette County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Lafayette County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,421 | $111,957 | $248,835 |
| Median Household Income | $41,161 | $60,940 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lafayette County rose about 47.8%, while median household income rose about 41.5% 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 | Lafayette County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 57.4% | 58.5% |
| Rental Rate | 13.8% | 29.0% | 31.2% |
| Vacancy Rate | 33.5% | 13.5% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Lafayette County has a homeownership rate of 52.7%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 33.5%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Lafayette County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1977 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Lafayette County was built around 1977. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Lafayette County, AR Housing Compared With Nearby Counties
Lafayette County, AR is the smallest of the 6 counties compared here, 6,108 residents against a local median of 22,349. The measure that sets Lafayette County, AR apart most is median home price: $84,421, 65% above the local median of $51,081.
The counties themselves spread $66,564 on median home price, so Lafayette County, AR sits at one end of an already wide local range rather than apart from it. Lafayette County, AR has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lafayette County, AR | 6,108 | $84,421 #2/6 | $755 #5/6 | 79.3% #1/6 |
| Miller County, AR | 42,360 | $93,055 | $891 | 64.4% |
| Columbia County, AR | 22,349 | $27,499 | $648 | 70.7% |
| Hempstead County, AR | 19,508 | $26,491 | $815 | 71.7% |
| Nevada County, AR | 8,159 | $51,081 | $869 | 76.0% |
| Bossier Parish, LA | 129,734 | $63,871 | $1,174 | 65.1% |
Frequently Asked Questions
Common questions about the housing market in Lafayette County, Arkansas.
What is the median home price in Lafayette County, Arkansas?
The median home price in Lafayette County, Arkansas is $84,421, lower than the Arkansas average of $111,957.
What is the average home price in Lafayette County, Arkansas?
The typical home price in Lafayette County, Arkansas, reported as the median sale price, is $84,421. 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 Lafayette County, Arkansas?
The median gross rent in Lafayette County, Arkansas is $755 per month, lower than the Arkansas average of $947.
What was the median gross rent in Lafayette County in 2020?
In 2020, the median gross rent in Lafayette County, Arkansas was $512 per month.
What is the price-to-rent ratio in Lafayette County, Arkansas?
The price-to-rent ratio in Lafayette County, Arkansas is about 9.3, meaning it would take roughly 9.3 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 Lafayette County.
Are home prices or rent rising faster in Lafayette County, Arkansas?
Both home prices and rent are rising in Lafayette County, up about 10.6% and 7.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lafayette County, Arkansas?
52.7% of households in Lafayette County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Lafayette County, Arkansas?
The housing vacancy rate in Lafayette County, Arkansas is 33.5%, higher than the Arkansas average of 13.5%.
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