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 | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,083 | $123,805 | $242,182 |
| Price Trend (Annual %) | 31.6% | 5.2% | 8.2% |
| Median Gross Rent | $790 | $913 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Francis County is about 43% higher than in Arkansas. Rent is about 13% lower 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 St. Francis County, up about 31.6% and 4.5% a year respectively. Home prices are changing faster.
Median rent in St. Francis County rose about 37.3% between 2015 and 2023, from $576 to $790. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in St. Francis County.
Buying the median-priced home in St. Francis County costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in St. Francis County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,083 | $123,805 | $242,182 |
| Median Household Income | $41,323 | $58,772 | $78,145 |
| Price-to-Income Ratio | 4.3 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in St. Francis County rose about 290.9%, while median household income rose about 54.5% 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 | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.4% | 56.9% | 58.2% |
| Rental Rate | 36.8% | 29.1% | 31.3% |
| Vacancy Rate | 17.8% | 14.0% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
St. Francis County has a homeownership rate of 45.4%, lower than the Arkansas average of 56.9%. Its housing vacancy rate is 17.8%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1981 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in St. Francis County was built around 1981. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Francis County, Arkansas.
What is the median home price in St. Francis County, Arkansas?
The median home price in St. Francis County, Arkansas is $177,083, higher than the Arkansas average of $123,805.
What is the average home price in St. Francis 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 St. Francis County, Arkansas?
The median gross rent in St. Francis County, Arkansas is $790 per month, lower than the Arkansas average of $913.
What was the median gross rent in St. Francis County in 2020?
In 2020, the median gross rent in St. Francis County, Arkansas was $688 per month.
What is the price-to-rent ratio in St. Francis County, Arkansas?
The price-to-rent ratio in St. Francis County, Arkansas is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in St. Francis County.
Are home prices or rent rising faster in St. Francis County, Arkansas?
Both home prices and rent are rising in St. Francis County, up about 31.6% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Francis County, Arkansas?
45.4% of households in St. Francis County, Arkansas own their home, lower than the Arkansas average of 56.9%.
What is the vacancy rate in St. Francis County, Arkansas?
The housing vacancy rate in St. Francis County, Arkansas is 17.8%, higher than the Arkansas average of 14.0%.