Garland County Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Garland County AR was $763 in 2019 according to the Census ACS survey.1 Average gross rent in Garland County was $688 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 Garland County median and average rent data will be released in September of 2021.
Data is also available below for Garland County rental vacancy rates, Garland County rent as a percent of median income and the fraction of renters in Garland County.
Real Gross Rent in Garland 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% |
| Garland County AR Median Gross Rent | $763 | -5.10% | +0.53% |
Garland County AR Real Gross Rent Trends
Median gross rent for Garland County peaked in real terms in 2018 at $804 and is now $41 (5.10%) lower. Average gross rent for Garland County peaked in real terms in 2017 at $807 and is now $119 (14.75%) lower.
Real Gross Rent: Garland County AR Median, Garland County AR Average, Arkansas Median, US Median
Real Gross Rent History for Garland County
| Date | US Median |
Arkansas Median |
Garland County AR Median |
Garland County AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $763 | $688 |
| 2018 | $1,077 | $744 | $804 | $789 |
| 2017 | $1,043 | $733 | $716 | $807 |
| 2016 | $1,027 | $734 | $759 | $662 |
| 2015 | $1,017 | $737 | $750 | $732 |
| 2014 | $986 | $721 | $718 | $793 |
| 2013 | $953 | $694 | $711 | $684 |
| 2012 | $940 | $681 | $769 | $733 |
| 2011 | $941 | $690 | $769 | $660 |
| 2010 | $955 | $713 | $762 | $734 |
| 2009 | $960 | $691 | $788 | $793 |
| 2007 | $927 | $673 | $707 | $671 |
| 2005 | $910 | $686 | $659 | $654 |
Garland County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Garland County Arkansas was 8.49% according to Census ACS data.
Rental Vacancy Rate in Garland County Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Garland County AR | 8.49% | -2.34% | — |
Trends in Garland County AR Rental Vacancy Rate
The rental vacancy rate in Garland County peaked in 2017 at 18.36%. Since then it has fallen by 9.87% to 8.49%. Data records for this series originated in 2005.
Rental Vacancy Rate: Garland County AR, Arkansas, US
Historical Rental Vacancy Rate data for Garland County
| Date | US | Arkansas | Garland County AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | 8.49% |
| 2018 | 6.15% | 8.35% | 10.83% |
| 2017 | 6.18% | 8.22% | 18.36% |
| 2016 | 5.89% | 8.06% | — |
| 2015 | 5.85% | 8.50% | 12.73% |
| 2014 | 6.32% | 9.60% | 11.52% |
| 2013 | 6.49% | 9.66% | 7.14% |
| 2012 | 6.77% | 9.13% | 11.75% |
| 2011 | 7.40% | 10.00% | — |
| 2010 | 8.17% | 10.46% | 11.10% |
| 2009 | 8.43% | 10.48% | 12.43% |
| 2007 | 7.87% | 8.73% | 6.20% |
| 2005 | 7.74% | 9.52% | 7.42% |
Rent as a Fraction of Income
Using median household income data for Garland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Garland County, median monthly gross rent as a fraction of median household income was 20.23% in 2019 according to the ACS.
Garland 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% |
| Garland County AR | 20.23% | -1.93% | -0.09% |
Trends in Garland County AR Rent as a Fraction of Income
The fraction of median Garland County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.95%. Since then it has fallen by 4.72% to 20.23%. From a 2017 low of 18.06%, the fraction of income going to rent has increased by 2.16%.
Fraction of Income towards Rent: Garland County AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Garland County Arkansas
| Date | US | Arkansas | Garland County AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 20.23% |
| 2018 | 20.50% | 18.64% | 22.16% |
| 2017 | 20.13% | 18.60% | 18.06% |
| 2016 | 20.43% | 18.97% | 20.31% |
| 2015 | 20.63% | 19.86% | 22.92% |
| 2014 | 20.89% | 19.86% | 19.89% |
| 2013 | 20.78% | 19.52% | 20.46% |
| 2012 | 20.65% | 19.15% | 21.22% |
| 2011 | 20.70% | 19.78% | 24.95% |
| 2010 | 20.50% | 19.99% | 22.43% |
| 2009 | 20.12% | 19.23% | 22.01% |
| 2007 | 18.66% | 18.03% | 20.67% |
| 2005 | 18.89% | 18.82% | 19.77% |
Renter Fraction in Garland County Arkansas
You can calculate the renter fraction in Garland 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 Garland County as a fraction of total Garland County households. In 2019 30.33% of households were renters according to Census ACS data.
Garland 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% |
| Garland County AR | 30.33% | -3.31% | -3.18% |
Trends in the Garland County AR Renter Fraction
The Garland County household renter fraction peaked in in 2015 at 34.23% and is now 3.90% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Garland County AR, Arkansas, US
History of Garland County Renter Fraction
| Date | US | Arkansas | Garland County AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 30.33% |
| 2018 | 36.05% | 34.24% | 33.64% |
| 2017 | 36.13% | 34.75% | 33.14% |
| 2016 | 36.88% | 35.45% | 33.51% |
| 2015 | 36.97% | 34.83% | 34.23% |
| 2014 | 36.90% | 34.21% | 32.77% |
| 2013 | 36.50% | 34.28% | 33.96% |
| 2012 | 36.09% | 33.76% | 31.78% |
| 2011 | 35.42% | 33.40% | 30.99% |
| 2010 | 34.65% | 32.59% | 31.86% |
| 2009 | 34.13% | 33.96% | 27.53% |
| 2007 | 32.80% | 32.27% | 33.91% |
| 2005 | 33.10% | 32.25% | 33.61% |
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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