Lee County, Arkansas Housing Market Prices
Lee 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.
-
Median home price 182% above the Arkansas median More expensive than 92% of counties in Arkansas$315,800
-
Median rent 30% below the Arkansas median Cheaper than 81% of counties in Arkansas$667
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lee County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $315,800 | $111,957 | $248,835 |
| Price Trend (Annual %) | 2.9% | 3.4% | 7.5% |
| Median Gross Rent | $667 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lee County is about 182% higher than in Arkansas. Rent is about 30% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lee County, up about 2.9% and 3.1% a year respectively. Rent is changing faster.
Median rent in Lee County rose about 24.2% between 2015 and 2024, from $537 to $667. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 9.3 yearly household incomes in Lee County.
Buying the median-priced home in Lee County costs roughly 39.5 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 Lee County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Lee County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $315,800 | $111,957 | $248,835 |
| Median Household Income | $34,072 | $60,940 | $80,455 |
| Price-to-Income Ratio | 9.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2024, the median home price in Lee County rose about 17.4%, while median household income rose about 19.7% 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 | Lee County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.9% | 57.4% | 58.5% |
| Rental Rate | 29.9% | 29.0% | 31.2% |
| Vacancy Rate | 27.2% | 13.5% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Lee County has a homeownership rate of 42.9%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 27.2%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Lee County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 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 Lee County was built around 1980. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 20.0 years on average.
Lee County, AR Housing Compared With Nearby Counties
How Lee County, AR compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lee County, AR | 8,359 | $315,800 #1/3 | $667 #3/3 | 59.0% #2/3 |
| Phillips County, AR | 15,415 | $96,741 | $736 | 53.1% |
| Cross County, AR | 16,543 | $59,218 | $764 | 67.5% |
Frequently Asked Questions
Common questions about the housing market in Lee County, Arkansas.
What is the median home price in Lee County, Arkansas?
The median home price in Lee County, Arkansas is $315,800, higher than the Arkansas average of $111,957.
What is the average home price in Lee County, Arkansas?
The typical home price in Lee County, Arkansas, reported as the median sale price, is $315,800. 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 Lee County, Arkansas?
The median gross rent in Lee County, Arkansas is $667 per month, lower than the Arkansas average of $947.
What was the median gross rent in Lee County in 2020?
In 2020, the median gross rent in Lee County, Arkansas was $521 per month.
What is the price-to-rent ratio in Lee County, Arkansas?
The price-to-rent ratio in Lee County, Arkansas is about 39.5, meaning it would take roughly 39.5 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 Lee County.
Are home prices or rent rising faster in Lee County, Arkansas?
Both home prices and rent are rising in Lee County, up about 2.9% and 3.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Lee County, Arkansas?
42.9% of households in Lee County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Lee County, Arkansas?
The housing vacancy rate in Lee County, Arkansas is 27.2%, higher than the Arkansas average of 13.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →