Sharp County, Arkansas Housing Market Prices
Sharp 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 49% below the Arkansas median Cheaper than 70% of counties in Arkansas$57,405
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Median rent 19% below the Arkansas median$766
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sharp County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,405 | $111,957 | $248,835 |
| Price Trend (Annual %) | 7.3% | 3.4% | 7.5% |
| Median Gross Rent | $766 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sharp County is about 49% lower than in Arkansas. Rent is about 19% 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 Sharp County, up about 7.3% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Sharp County rose about 32.7% between 2015 and 2024, from $577 to $766. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Sharp County.
Buying the median-priced home in Sharp County costs roughly 6.2 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 Sharp County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Sharp County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,405 | $111,957 | $248,835 |
| Median Household Income | $44,714 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sharp County fell about 29.7%, while median household income rose about 38.7% 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 | Sharp County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 57.4% | 58.5% |
| Rental Rate | 15.2% | 29.0% | 31.2% |
| Vacancy Rate | 28.0% | 13.5% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Sharp County has a homeownership rate of 56.7%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 28.0%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Sharp County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1982 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Sharp County was built around 1982. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Sharp County, AR Housing Compared With Nearby Counties
Sharp County, AR is typical in size for this group, 17,772 residents against a local median of 16,233, so the measures below are close to a like for like comparison. Where Sharp County, AR breaks from the counties next to it is median home price, sitting 17% above the local median of $49,177 at $57,405.
The counties themselves spread $113,068 on median home price, so Sharp County, AR sits at one end of an already wide local range rather than apart from it. Sharp County, AR has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sharp County, AR | 17,772 | $57,405 #3/6 | $766 #2/6 | 78.8% #2/6 |
| Lawrence County, AR | 16,233 | $49,177 | $696 | 66.5% |
| Fulton County, AR | 12,303 | $63,807 | $625 | 84.7% |
| Independence County, AR | 38,178 | $18,924 | $845 | 69.2% |
| Izard County, AR | 14,007 | $43,658 | $620 | 75.4% |
| Randolph County, AR | 18,840 | $131,992 | $674 | 73.5% |
Frequently Asked Questions
Common questions about the housing market in Sharp County, Arkansas.
What is the median home price in Sharp County, Arkansas?
The median home price in Sharp County, Arkansas is $57,405, lower than the Arkansas average of $111,957.
What is the average home price in Sharp County, Arkansas?
The typical home price in Sharp County, Arkansas, reported as the median sale price, is $57,405. 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 Sharp County, Arkansas?
The median gross rent in Sharp County, Arkansas is $766 per month, lower than the Arkansas average of $947.
What was the median gross rent in Sharp County in 2020?
In 2020, the median gross rent in Sharp County, Arkansas was $552 per month.
What is the price-to-rent ratio in Sharp County, Arkansas?
The price-to-rent ratio in Sharp County, Arkansas is about 6.2, meaning it would take roughly 6.2 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 Sharp County.
Are home prices or rent rising faster in Sharp County, Arkansas?
Both home prices and rent are rising in Sharp County, up about 7.3% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sharp County, Arkansas?
56.7% of households in Sharp County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Sharp County, Arkansas?
The housing vacancy rate in Sharp County, Arkansas is 28.0%, higher than the Arkansas average of 13.5%.
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