Union County, Arkansas Housing Market Prices
Union 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.
-
Median home price 78% below the Arkansas median Cheaper than 89% of counties in Arkansas$24,462
-
Median rent 11% below the Arkansas median More expensive than 74% of counties in Arkansas$846
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,462 | $111,957 | $248,835 |
| Price Trend (Annual %) | 1.8% | 3.4% | 7.5% |
| Median Gross Rent | $846 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 78% lower than in Arkansas. Rent is about 11% 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 Union County, up about 1.8% and 4.0% a year respectively. Rent is changing faster.
Median rent in Union County rose about 33.9% between 2015 and 2024, from $632 to $846. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 2.4 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 Union County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Union County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,462 | $111,957 | $248,835 |
| Median Household Income | $54,805 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Union County fell about 67.0%, while median household income rose about 41.9% 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 | Union County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.5% | 57.4% | 58.5% |
| Rental Rate | 22.0% | 29.0% | 31.2% |
| Vacancy Rate | 19.6% | 13.5% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Union County has a homeownership rate of 58.5%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 19.6%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Union County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1980 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Union County was built around 1980. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Union County, AR Housing Compared With Nearby Counties
Union County, AR is the largest of the 4 counties compared here, 37,897 residents against a local median of 20,797. Union County, AR's median home price, at $24,462, runs 72% below the $86,219 typical of the counties around it.
The counties themselves spread $80,543 on median home price, so Union County, AR sits at one end of an already wide local range rather than apart from it. Union County, AR has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Union County, AR | 37,897 | $24,462 #4/4 | $846 #1/4 | 72.7% #3/4 |
| Calhoun County, AR | 4,704 | $165,969 | $768 | 87.8% |
| Union Parish, LA | 20,797 | $85,426 | $777 | 77.8% |
| Ouachita County, AR | 22,085 | $86,219 | $763 | 70.9% |
Frequently Asked Questions
Common questions about the housing market in Union County, Arkansas.
What is the median home price in Union County, Arkansas?
The median home price in Union County, Arkansas is $24,462, lower than the Arkansas average of $111,957.
What is the average home price in Union County, Arkansas?
The typical home price in Union County, Arkansas, reported as the median sale price, is $24,462. 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 Union County, Arkansas?
The median gross rent in Union County, Arkansas is $846 per month, lower than the Arkansas average of $947.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Arkansas was $707 per month.
What is the price-to-rent ratio in Union County, Arkansas?
The price-to-rent ratio in Union County, Arkansas is about 2.4, meaning it would take roughly 2.4 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 Union County.
Are home prices or rent rising faster in Union County, Arkansas?
Both home prices and rent are rising in Union County, up about 1.8% and 4.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Union County, Arkansas?
58.5% of households in Union County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Union County, Arkansas?
The housing vacancy rate in Union County, Arkansas is 19.6%, higher than the Arkansas average of 13.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →