Lawrence County, Arkansas Housing Market Prices
Lawrence 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 56% below the Arkansas median Cheaper than 74% of counties in Arkansas$49,177
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Median rent 26% below the Arkansas median Cheaper than 72% of counties in Arkansas$696
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lawrence County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,177 | $111,957 | $248,835 |
| Price Trend (Annual %) | 10.1% | 3.4% | 7.5% |
| Median Gross Rent | $696 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawrence County is about 56% lower than in Arkansas. Rent is about 26% 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 Lawrence County, up about 10.1% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Lawrence County rose about 31.4% between 2015 and 2024, from $530 to $696. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Lawrence County.
Buying the median-priced home in Lawrence County costs roughly 5.9 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 Lawrence County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Lawrence County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,177 | $111,957 | $248,835 |
| Median Household Income | $44,859 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lawrence County rose about 7.1%, while median household income rose about 53.4% 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 | Lawrence County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.6% | 57.4% | 58.5% |
| Rental Rate | 28.9% | 29.0% | 31.2% |
| Vacancy Rate | 13.5% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Lawrence County has a homeownership rate of 57.6%, about the same as the Arkansas average of 57.4%. Its housing vacancy rate is 13.5%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Lawrence County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1980 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Lawrence County was built around 1980. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Lawrence County, AR Housing Compared With Nearby Counties
Lawrence County, AR is typical in size for this group, 16,233 residents against a local median of 18,840, so the measures below are close to a like for like comparison. Lawrence County, AR sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 14% below the local median at $49,177 against $57,405. Lawrence County, AR has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lawrence County, AR | 16,233 | $49,177 #4/6 | $696 #4/6 | 66.5% #4/6 |
| Randolph County, AR | 18,840 | $131,992 | $674 | 73.5% |
| Sharp County, AR | 17,772 | $57,405 | $766 | 78.8% |
| Jackson County, AR | 16,709 | $34,389 | $667 | 65.5% |
| Craighead County, AR | 113,245 | $222,346 | $957 | 60.1% |
| Independence County, AR | 38,178 | $18,924 | $845 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Lawrence County, Arkansas.
What is the median home price in Lawrence County, Arkansas?
The median home price in Lawrence County, Arkansas is $49,177, lower than the Arkansas average of $111,957.
What is the average home price in Lawrence County, Arkansas?
The typical home price in Lawrence County, Arkansas, reported as the median sale price, is $49,177. 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 Lawrence County, Arkansas?
The median gross rent in Lawrence County, Arkansas is $696 per month, lower than the Arkansas average of $947.
What was the median gross rent in Lawrence County in 2020?
In 2020, the median gross rent in Lawrence County, Arkansas was $552 per month.
What is the price-to-rent ratio in Lawrence County, Arkansas?
The price-to-rent ratio in Lawrence County, Arkansas is about 5.9, meaning it would take roughly 5.9 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 Lawrence County.
Are home prices or rent rising faster in Lawrence County, Arkansas?
Both home prices and rent are rising in Lawrence County, up about 10.1% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lawrence County, Arkansas?
57.6% of households in Lawrence County, Arkansas own their home, about the same as the Arkansas average.
What is the vacancy rate in Lawrence County, Arkansas?
The housing vacancy rate in Lawrence County, Arkansas is 13.5%, about the same as the Arkansas average.
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