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 | Van Buren County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,647 | $123,805 | $242,182 |
| Price Trend (Annual %) | 11.6% | 5.2% | 8.2% |
| Median Gross Rent | $726 | $913 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Van Buren County is about 21% lower than in Arkansas. Rent is about 21% 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 Van Buren County, up about 11.6% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Van Buren County rose about 21.9% between 2015 and 2023, from $595 to $726. Over the same span, rent in Arkansas rose about 35.1%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Van Buren County.
Buying the median-priced home in Van Buren County costs roughly 11.2 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 Van Buren County. The price-to-rent ratio in Arkansas is about 11.3.
| Metric | Van Buren County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,647 | $123,805 | $242,182 |
| Median Household Income | $46,180 | $58,772 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Van Buren County rose about 21.5%, while median household income rose about 50.4% between 2009 and 2023 — 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 | Van Buren County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 56.9% | 58.2% |
| Rental Rate | 16.1% | 29.1% | 31.3% |
| Vacancy Rate | 26.8% | 14.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Van Buren County has a homeownership rate of 57.1%, about the same as the Arkansas average of 56.9%. Its housing vacancy rate is 26.8%, compared with 14.0% in Arkansas.
Housing Stock
| Metric | Van Buren County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 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 Van Buren County was built around 1988. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Van Buren County, Arkansas.
What is the median home price in Van Buren County, Arkansas?
The median home price in Van Buren County, Arkansas is $97,647, lower than the Arkansas average of $123,805.
What is the average home price in Van Buren 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 Van Buren County, Arkansas?
The median gross rent in Van Buren County, Arkansas is $726 per month, lower than the Arkansas average of $913.
What was the median gross rent in Van Buren County in 2020?
In 2020, the median gross rent in Van Buren County, Arkansas was $599 per month.
What is the price-to-rent ratio in Van Buren County, Arkansas?
The price-to-rent ratio in Van Buren County, Arkansas is about 11.2, meaning it would take roughly 11.2 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 Van Buren County.
Are home prices or rent rising faster in Van Buren County, Arkansas?
Both home prices and rent are rising in Van Buren County, up about 11.6% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Van Buren County, Arkansas?
57.1% of households in Van Buren County, Arkansas own their home, about the same as the Arkansas average.
What is the vacancy rate in Van Buren County, Arkansas?
The housing vacancy rate in Van Buren County, Arkansas is 26.8%, higher than the Arkansas average of 14.0%.