Craighead County Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Craighead County AR was $733 in 2019 according to the Census ACS survey.1 Average gross rent in Craighead County was $771 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Craighead County median and average rent data will be released in September of 2021.
Data is also available below for Craighead County rental vacancy rates, Craighead County rent as a percent of median income and the fraction of renters in Craighead County.
Real Gross Rent in Craighead County Arkansas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Arkansas Median Gross Rent | $742 | -0.27% | +1.09% |
| Craighead County AR Median Gross Rent | $733 | -1.61% | -1.48% |
Craighead County AR Real Gross Rent Trends
Median gross rent for Craighead County peaked in real terms in 2017 at $784 and is now $51 (6.51%) lower. At $771, real average gross rent in Craighead County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Craighead County AR Median, Craighead County AR Average, Arkansas Median, US Median
Real Gross Rent History for Craighead County
| Date | US Median |
Arkansas Median |
Craighead County AR Median |
Craighead County AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $733 | $771 |
| 2018 | $1,077 | $744 | $745 | $757 |
| 2017 | $1,043 | $733 | $784 | $724 |
| 2016 | $1,027 | $734 | $744 | $718 |
| 2015 | $1,017 | $737 | $756 | $733 |
| 2014 | $986 | $721 | $726 | $738 |
| 2013 | $953 | $694 | $666 | $671 |
| 2012 | $940 | $681 | $698 | $723 |
| 2011 | $941 | $690 | $682 | $672 |
| 2010 | $955 | $713 | $673 | $684 |
| 2009 | $960 | $691 | $700 | $702 |
| 2007 | $927 | $673 | $645 | $606 |
| 2005 | $910 | $686 | $679 | $706 |
Craighead County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Craighead County Arkansas was 4.28% according to Census ACS data.
Rental Vacancy Rate in Craighead County Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Craighead County AR | — | — | — |
Trends in Craighead County AR Rental Vacancy Rate
The rental vacancy rate in Craighead County peaked in 2005 at 15.51%. Since then it has fallen by 11.23% to 4.28%. Data records for this series originated in 2005.
Rental Vacancy Rate: Craighead County AR, Arkansas, US
Historical Rental Vacancy Rate data for Craighead County
| Date | US | Arkansas | Craighead County AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | — |
| 2018 | 6.15% | 8.35% | — |
| 2017 | 6.18% | 8.22% | 4.28% |
| 2016 | 5.89% | 8.06% | — |
| 2015 | 5.85% | 8.50% | — |
| 2014 | 6.32% | 9.60% | — |
| 2013 | 6.49% | 9.66% | 8.93% |
| 2012 | 6.77% | 9.13% | — |
| 2011 | 7.40% | 10.00% | — |
| 2010 | 8.17% | 10.46% | 5.03% |
| 2009 | 8.43% | 10.48% | 8.85% |
| 2007 | 7.87% | 8.73% | — |
| 2005 | 7.74% | 9.52% | 15.51% |
Rent as a Fraction of Income
Using median household income data for Craighead County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Craighead County, median monthly gross rent as a fraction of median household income was 19.29% in 2019 according to the ACS.
Craighead County Arkansas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Arkansas | 18.19% | -0.45% | -0.78% |
| Craighead County AR | 19.29% | -0.32% | -0.25% |
Trends in Craighead County AR Rent as a Fraction of Income
The fraction of median Craighead County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 21.34%. Since then it has fallen by 2.06% to 19.29%.
Fraction of Income towards Rent: Craighead County AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Craighead County Arkansas
| Date | US | Arkansas | Craighead County AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 19.29% |
| 2018 | 20.50% | 18.64% | 19.60% |
| 2017 | 20.13% | 18.60% | 18.09% |
| 2016 | 20.43% | 18.97% | 19.53% |
| 2015 | 20.63% | 19.86% | 21.34% |
| 2014 | 20.89% | 19.86% | 19.34% |
| 2013 | 20.78% | 19.52% | 18.44% |
| 2012 | 20.65% | 19.15% | 17.85% |
| 2011 | 20.70% | 19.78% | 20.25% |
| 2010 | 20.50% | 19.99% | 19.89% |
| 2009 | 20.12% | 19.23% | 18.41% |
| 2007 | 18.66% | 18.03% | 16.12% |
| 2005 | 18.89% | 18.82% | 19.88% |
Renter Fraction in Craighead County Arkansas
You can calculate the renter fraction in Craighead County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Craighead County as a fraction of total Craighead County households. In 2019 41.37% of households were renters according to Census ACS data.
Craighead County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Arkansas | 34.53% | +0.29% | -0.92% |
| Craighead County AR | 41.37% | -2.43% | -4.40% |
Trends in the Craighead County AR Renter Fraction
The Craighead County household renter fraction peaked in in 2016 at 45.77% and is now 4.40% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Craighead County AR, Arkansas, US
History of Craighead County Renter Fraction
| Date | US | Arkansas | Craighead County AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 41.37% |
| 2018 | 36.05% | 34.24% | 43.80% |
| 2017 | 36.13% | 34.75% | 43.22% |
| 2016 | 36.88% | 35.45% | 45.77% |
| 2015 | 36.97% | 34.83% | 41.01% |
| 2014 | 36.90% | 34.21% | 41.57% |
| 2013 | 36.50% | 34.28% | 43.88% |
| 2012 | 36.09% | 33.76% | 38.13% |
| 2011 | 35.42% | 33.40% | 41.85% |
| 2010 | 34.65% | 32.59% | 41.45% |
| 2009 | 34.13% | 33.96% | 45.04% |
| 2007 | 32.80% | 32.27% | 35.15% |
| 2005 | 33.10% | 32.25% | 39.40% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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