Pike County, Arkansas Housing Market Prices
Pike 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 78% below the Arkansas median Cheaper than 88% of counties in Arkansas$24,999
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Median rent 28% below the Arkansas median Cheaper than 77% of counties in Arkansas$685
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pike County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,999 | $111,957 | $248,835 |
| Price Trend (Annual %) | 1.0% | 3.4% | 7.5% |
| Median Gross Rent | $685 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pike County is about 78% lower than in Arkansas. Rent is about 28% 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 Pike County, up about 1.0% and 3.8% a year respectively. Rent is changing faster.
Median rent in Pike County rose about 40.5% between 2015 and 2024, from $488 to $685. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Pike County.
Buying the median-priced home in Pike County costs roughly 3.0 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 Pike County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Pike County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,999 | $111,957 | $248,835 |
| Median Household Income | $49,507 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pike County fell about 64.8%, while median household income rose about 38.4% 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 | Pike County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 57.4% | 58.5% |
| Rental Rate | 19.2% | 29.0% | 31.2% |
| Vacancy Rate | 23.3% | 13.5% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Pike County has a homeownership rate of 57.5%, about the same as the Arkansas average of 57.4%. Its housing vacancy rate is 23.3%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Pike County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1984 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Pike County was built around 1984. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Pike County, AR Housing Compared With Nearby Counties
Pike County, AR is the smallest of the 4 counties compared here, 10,113 residents against a local median of 19,508. Pike 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 rent, 13% below the local median at $685 against $792. Pike County, AR has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pike County, AR | 10,113 | $24,999 #4/4 | $685 #4/4 | 75.0% #1/4 |
| Howard County, AR | 12,583 | $102,640 | $689 | 72.5% |
| Hempstead County, AR | 19,508 | $26,491 | $815 | 71.7% |
| Clark County, AR | 21,125 | $26,775 | $792 | 65.0% |
Frequently Asked Questions
Common questions about the housing market in Pike County, Arkansas.
What is the median home price in Pike County, Arkansas?
The median home price in Pike County, Arkansas is $24,999, lower than the Arkansas average of $111,957.
What is the average home price in Pike County, Arkansas?
The typical home price in Pike County, Arkansas, reported as the median sale price, is $24,999. 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 Pike County, Arkansas?
The median gross rent in Pike County, Arkansas is $685 per month, lower than the Arkansas average of $947.
What was the median gross rent in Pike County in 2020?
In 2020, the median gross rent in Pike County, Arkansas was $621 per month.
What is the price-to-rent ratio in Pike County, Arkansas?
The price-to-rent ratio in Pike County, Arkansas is about 3.0, meaning it would take roughly 3.0 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 Pike County.
Are home prices or rent rising faster in Pike County, Arkansas?
Both home prices and rent are rising in Pike County, up about 1.0% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Pike County, Arkansas?
57.5% of households in Pike County, Arkansas own their home, about the same as the Arkansas average.
What is the vacancy rate in Pike County, Arkansas?
The housing vacancy rate in Pike County, Arkansas is 23.3%, higher than the Arkansas average of 13.5%.
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