Texarkana, Arkansas Housing Market Prices
Texarkana 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 54% below the Arkansas median$51,846
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Median rent 4% below the Arkansas median$908
Housing Market Overview
| Metric | Texarkana | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,846 | $111,957 | $248,835 |
| Price Trend (Annual %) | -1.8% | 3.4% | 7.5% |
| Median Gross Rent | $908 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Texarkana is about 54% lower than in Arkansas. Rent is about 4% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Texarkana: home prices fell about 1.8% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
Median rent in Texarkana rose about 26.2% between 2015 and 2024, from $720 to $908. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Texarkana.
Buying the median-priced home in Texarkana costs roughly 4.8 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 Texarkana. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Texarkana | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,846 | $111,957 | $248,835 |
| Median Household Income | $42,306 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Texarkana fell about 29.8%, while median household income rose about 21.7% 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 | Texarkana | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.6% | 57.4% | 58.5% |
| Rental Rate | 38.7% | 29.0% | 31.2% |
| Vacancy Rate | 17.7% | 13.5% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Texarkana has a homeownership rate of 43.6%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 17.7%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Texarkana | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1980 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Texarkana was built around 1980. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Texarkana, AR Housing Compared With Nearby Cities
How Texarkana, AR compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Texarkana, AR | 27,296 | $51,846 #2/2 | $908 #2/2 | 53.0% #1/2 |
| Texarkana, TX | 36,070 | $719,917 | $1,003 | 51.2% |
Frequently Asked Questions
Common questions about the housing market in Texarkana, Arkansas.
What is the median home price in Texarkana, Arkansas?
The median home price in Texarkana, Arkansas is $51,846, lower than the Arkansas average of $111,957.
What is the average home price in Texarkana, Arkansas?
The typical home price in Texarkana, Arkansas, reported as the median sale price, is $51,846. 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 Texarkana, Arkansas?
The median gross rent in Texarkana, Arkansas is $908 per month, lower than the Arkansas average of $947.
What was the median gross rent in Texarkana in 2020?
In 2020, the median gross rent in Texarkana, Arkansas was $745 per month.
What is the price-to-rent ratio in Texarkana, Arkansas?
The price-to-rent ratio in Texarkana, Arkansas is about 4.8, meaning it would take roughly 4.8 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 Texarkana.
Are home prices or rent rising faster in Texarkana, Arkansas?
Home prices and rent are moving in opposite directions in Texarkana: home prices fell about 1.8% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Texarkana, Arkansas?
43.6% of households in Texarkana, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Texarkana, Arkansas?
The housing vacancy rate in Texarkana, Arkansas is 17.7%, higher than the Arkansas average of 13.5%.
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