Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,169 | $123,805 | $242,182 |
| Price Trend (Annual %) | 14.3% | 5.2% | 8.2% |
| Median Gross Rent | $979 | $913 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saline County is about 39% higher than in Arkansas. Rent is about 7% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Saline County, up about 14.3% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Saline County rose about 21.2% between 2015 and 2023, from $808 to $979. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Saline County.
Buying the median-priced home in Saline County costs roughly 14.7 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 Saline County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,169 | $123,805 | $242,182 |
| Median Household Income | $76,485 | $58,772 | $78,145 |
| Price-to-Income Ratio | 2.3 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Saline County rose about 61.0%, while median household income rose about 49.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.2% | 56.9% | 58.2% |
| Rental Rate | 22.3% | 29.1% | 31.3% |
| Vacancy Rate | 5.5% | 14.0% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Saline County has a homeownership rate of 72.2%, higher than the Arkansas average of 56.9%. Its housing vacancy rate is 5.5%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1993 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Saline County was built around 1993. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Saline County, Arkansas.
What is the median home price in Saline County, Arkansas?
The median home price in Saline County, Arkansas is $172,169, higher than the Arkansas average of $123,805.
What is the average home price in Saline County, Arkansas?
The typical home price in %s, reported as the median sale price, is %s. 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 Saline County, Arkansas?
The median gross rent in Saline County, Arkansas is $979 per month, higher than the Arkansas average of $913.
What was the median gross rent in Saline County in 2020?
In 2020, the median gross rent in Saline County, Arkansas was $834 per month.
What is the price-to-rent ratio in Saline County, Arkansas?
The price-to-rent ratio in Saline County, Arkansas is about 14.7, meaning it would take roughly 14.7 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 Saline County.
Are home prices or rent rising faster in Saline County, Arkansas?
Both home prices and rent are rising in Saline County, up about 14.3% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Saline County, Arkansas?
72.2% of households in Saline County, Arkansas own their home, higher than the Arkansas average of 56.9%.
What is the vacancy rate in Saline County, Arkansas?
The housing vacancy rate in Saline County, Arkansas is 5.5%, lower than the Arkansas average of 14.0%.