Miller County, Arkansas Housing Market Prices
Miller 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 17% below the Arkansas median$93,055
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Median rent 6% below the Arkansas median More expensive than 86% of counties in Arkansas$891
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Miller County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $93,055 | $111,957 | $248,835 |
| Price Trend (Annual %) | 10.9% | 3.4% | 7.5% |
| Median Gross Rent | $891 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Miller County is about 17% lower than in Arkansas. Rent is about 6% 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 Miller County, up about 10.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Miller County rose about 25.9% between 2015 and 2024, from $707 to $891. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Miller County.
Buying the median-priced home in Miller County costs roughly 8.7 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 Miller County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Miller County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $93,055 | $111,957 | $248,835 |
| Median Household Income | $48,586 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Miller County rose about 10.6%, while median household income rose about 24.2% 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 | Miller County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.1% | 57.4% | 58.5% |
| Rental Rate | 29.4% | 29.0% | 31.2% |
| Vacancy Rate | 17.6% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Miller County has a homeownership rate of 53.1%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 17.6%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Miller County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1983 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Miller County was built around 1983. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Miller County, AR Housing Compared With Nearby Counties
Miller County, AR is the 2nd largest of the 4 counties compared here, 42,360 residents against a local median of 28,568. Miller 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 homeownership, 10% below the local median at 64.4% against 71.7%. Miller County, AR has the 3rd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Miller County, AR | 42,360 | $93,055 #3/4 | $891 #2/4 | 64.4% #3/4 |
| Hempstead County, AR | 19,508 | $26,491 | $815 | 71.7% |
| Cass County, TX | 28,568 | $98,599 | $852 | 76.6% |
| Bowie County, TX | 92,113 | $226,420 | $987 | 63.4% |
Frequently Asked Questions
Common questions about the housing market in Miller County, Arkansas.
What is the median home price in Miller County, Arkansas?
The median home price in Miller County, Arkansas is $93,055, lower than the Arkansas average of $111,957.
What is the average home price in Miller County, Arkansas?
The typical home price in Miller County, Arkansas, reported as the median sale price, is $93,055. 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 Miller County, Arkansas?
The median gross rent in Miller County, Arkansas is $891 per month, lower than the Arkansas average of $947.
What was the median gross rent in Miller County in 2020?
In 2020, the median gross rent in Miller County, Arkansas was $742 per month.
What is the price-to-rent ratio in Miller County, Arkansas?
The price-to-rent ratio in Miller County, Arkansas is about 8.7, meaning it would take roughly 8.7 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 Miller County.
Are home prices or rent rising faster in Miller County, Arkansas?
Both home prices and rent are rising in Miller County, up about 10.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Miller County, Arkansas?
53.1% of households in Miller County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Miller County, Arkansas?
The housing vacancy rate in Miller County, Arkansas is 17.6%, higher than the Arkansas average of 13.5%.
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