Madison County, Arkansas Housing Market Prices
Madison 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 62% above the Arkansas median More expensive than 76% of counties in Arkansas$181,248
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Median rent 23% below the Arkansas median$728
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $181,248 | $111,957 | $248,835 |
| Price Trend (Annual %) | 1.6% | 3.4% | 7.5% |
| Median Gross Rent | $728 | $947 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 62% higher than in Arkansas. Rent is about 23% 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 Madison County, up about 1.6% and 2.0% a year respectively. Rent is changing faster.
Median rent in Madison County rose about 17.4% between 2015 and 2024, from $620 to $728. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 20.7 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 Madison County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Madison County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $181,248 | $111,957 | $248,835 |
| Median Household Income | $56,495 | $60,940 | $80,455 |
| Price-to-Income Ratio | 3.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 20.9%, while median household income rose about 44.8% 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 | Madison County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 57.4% | 58.5% |
| Rental Rate | 17.1% | 29.0% | 31.2% |
| Vacancy Rate | 16.5% | 13.5% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Madison County has a homeownership rate of 66.4%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 16.5%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Madison County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1990 | 1987 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Madison County was built around 1990. On average, 2.7 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Madison County, AR Housing Compared With Nearby Counties
How Madison County, AR compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, AR | 17,329 | $181,248 #1/3 | $728 #3/3 | 79.5% #1/3 |
| Carroll County, AR | 28,630 | $71,928 | $856 | 77.5% |
| Washington County, AR | 256,746 | $170,355 | $1,070 | 55.6% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Arkansas.
What is the median home price in Madison County, Arkansas?
The median home price in Madison County, Arkansas is $181,248, higher than the Arkansas average of $111,957.
What is the average home price in Madison County, Arkansas?
The typical home price in Madison County, Arkansas, reported as the median sale price, is $181,248. 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 Madison County, Arkansas?
The median gross rent in Madison County, Arkansas is $728 per month, lower than the Arkansas average of $947.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Arkansas was $607 per month.
What is the price-to-rent ratio in Madison County, Arkansas?
The price-to-rent ratio in Madison County, Arkansas is about 20.7, meaning it would take roughly 20.7 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 Madison County.
Are home prices or rent rising faster in Madison County, Arkansas?
Both home prices and rent are rising in Madison County, up about 1.6% and 2.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Madison County, Arkansas?
66.4% of households in Madison County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Madison County, Arkansas?
The housing vacancy rate in Madison County, Arkansas is 16.5%, higher than the Arkansas average of 13.5%.
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