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 | Stone County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,508 | $123,805 | $242,182 |
| Price Trend (Annual %) | 8.3% | 5.2% | 8.2% |
| Median Gross Rent | $717 | $913 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stone County is about 71% higher than in Arkansas. Rent is about 22% 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 Stone County, up about 8.3% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Stone County rose about 38.6% between 2015 and 2023, from $517 to $717. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Stone County.
Buying the median-priced home in Stone County costs roughly 24.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Stone County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Stone County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,508 | $123,805 | $242,182 |
| Median Household Income | $38,722 | $58,772 | $78,145 |
| Price-to-Income Ratio | 5.5 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Stone County rose about 56.6%, while median household income rose about 39.6% 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 | Stone County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 56.9% | 58.2% |
| Rental Rate | 17.8% | 29.1% | 31.3% |
| Vacancy Rate | 27.2% | 14.0% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Stone County has a homeownership rate of 55.0%, lower than the Arkansas average of 56.9%. Its housing vacancy rate is 27.2%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Stone County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1988 | 1986 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Stone County was built around 1988. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stone County, Arkansas.
What is the median home price in Stone County, Arkansas?
The median home price in Stone County, Arkansas is $211,508, higher than the Arkansas average of $123,805.
What is the average home price in Stone 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 Stone County, Arkansas?
The median gross rent in Stone County, Arkansas is $717 per month, lower than the Arkansas average of $913.
What was the median gross rent in Stone County in 2020?
In 2020, the median gross rent in Stone County, Arkansas was $635 per month.
What is the price-to-rent ratio in Stone County, Arkansas?
The price-to-rent ratio in Stone County, Arkansas is about 24.6, meaning it would take roughly 24.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Stone County.
Are home prices or rent rising faster in Stone County, Arkansas?
Both home prices and rent are rising in Stone County, up about 8.3% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stone County, Arkansas?
55.0% of households in Stone County, Arkansas own their home, lower than the Arkansas average of 56.9%.
What is the vacancy rate in Stone County, Arkansas?
The housing vacancy rate in Stone County, Arkansas is 27.2%, higher than the Arkansas average of 14.0%.