Jonesboro Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Jonesboro, AR (the Jonesboro metro area) was $717 in 2019 according to the Census ACS survey.1 Average gross rent in Jonesboro was $714 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 Jonesboro median and average rent data will be released in September of 2021.
Data is also available below for Jonesboro rental vacancy rates, Jonesboro rent as a percent of median income and the fraction of renters in Jonesboro.
Real Gross Rent in Jonesboro 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% |
| Jonesboro, AR Median Gross Rent | $717 | -2.85% | +1.13% |
Jonesboro, AR Real Gross Rent Trends
Median gross rent for Jonesboro peaked in real terms in 2017 at $756 and is now $39 (5.16%) lower. Average gross rent for Jonesboro peaked in real terms in 2018 at $729 and is now $15 (2.06%) lower.
Real Gross Rent in Jonesboro: Jonesboro AR Median, Jonesboro AR Average, Arkansas Median, US Median
Real Gross Rent History for Jonesboro
| Date | US Median |
Arkansas Median |
Jonesboro, AR Median |
Jonesboro, AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $717 | $714 |
| 2018 | $1,077 | $744 | $738 | $729 |
| 2017 | $1,043 | $733 | $756 | $700 |
| 2016 | $1,027 | $734 | $709 | $675 |
| 2015 | $1,017 | $737 | $719 | $694 |
| 2014 | $986 | $721 | $697 | $695 |
| 2013 | $953 | $694 | $646 | $631 |
| 2012 | $940 | $681 | $674 | $665 |
| 2011 | $941 | $690 | $649 | $636 |
| 2010 | $955 | $713 | $667 | $643 |
| 2009 | $960 | $691 | $686 | $668 |
| 2007 | $927 | $673 | $621 | $564 |
| 2005 | $910 | $686 | $650 | $631 |
Jonesboro 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 Jonesboro Arkansas was 3.92% according to Census ACS data.
Rental Vacancy Rate in Jonesboro Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Jonesboro, AR | — | — | — |
Trends in Jonesboro, AR Rental Vacancy Rate
The rental vacancy rate in Jonesboro peaked in 2005 at 13.02%. Since then it has fallen by 9.10% to 3.92%. Data records for this series originated in 2005.
Rental Vacancy Rate: Jonesboro AR, Arkansas, US
Historical Rental Vacancy Rate data for Jonesboro
| Date | US | Arkansas | Jonesboro, AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | — |
| 2018 | 6.15% | 8.35% | — |
| 2017 | 6.18% | 8.22% | 3.92% |
| 2016 | 5.89% | 8.06% | 4.25% |
| 2015 | 5.85% | 8.50% | 5.14% |
| 2014 | 6.32% | 9.60% | 8.45% |
| 2013 | 6.49% | 9.66% | 8.13% |
| 2012 | 6.77% | 9.13% | — |
| 2011 | 7.40% | 10.00% | 7.34% |
| 2010 | 8.17% | 10.46% | 6.58% |
| 2009 | 8.43% | 10.48% | 10.54% |
| 2007 | 7.87% | 8.73% | 5.88% |
| 2005 | 7.74% | 9.52% | 13.02% |
Rent as a Fraction of Income
Using median household income data for Jonesboro, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jonesboro, median monthly gross rent as a fraction of median household income was 19.12% in 2019 according to the ACS.
Jonesboro 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% |
| Jonesboro, AR | 19.12% | -0.68% | -0.35% |
Trends in Jonesboro, AR Rent as a Fraction of Income
The fraction of median Jonesboro household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 21.77%. Since then it has fallen by 2.65% to 19.12%.
Fraction of Income towards Rent: Jonesboro AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Jonesboro Arkansas
| Date | US | Arkansas | Jonesboro, AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 19.12% |
| 2018 | 20.50% | 18.64% | 19.81% |
| 2017 | 20.13% | 18.60% | 17.98% |
| 2016 | 20.43% | 18.97% | 19.47% |
| 2015 | 20.63% | 19.86% | 21.77% |
| 2014 | 20.89% | 19.86% | 19.44% |
| 2013 | 20.78% | 19.52% | 18.60% |
| 2012 | 20.65% | 19.15% | 18.31% |
| 2011 | 20.70% | 19.78% | 20.80% |
| 2010 | 20.50% | 19.99% | 20.17% |
| 2009 | 20.12% | 19.23% | 19.63% |
| 2007 | 18.66% | 18.03% | 17.13% |
| 2005 | 18.89% | 18.82% | 19.40% |
Renter Fraction in Jonesboro Arkansas
You can calculate the renter fraction in Jonesboro 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 Jonesboro as a fraction of total Jonesboro households. In 2019 40.78% of households were renters according to Census ACS data.
Jonesboro 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% |
| Jonesboro, AR | 40.78% | -1.97% | -3.33% |
Trends in the Jonesboro, AR Renter Fraction
The Jonesboro household renter fraction peaked in in 2016 at 44.11% and is now 3.33% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Jonesboro AR, Arkansas, US
History of Jonesboro Renter Fraction
| Date | US | Arkansas | Jonesboro, AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 40.78% |
| 2018 | 36.05% | 34.24% | 42.75% |
| 2017 | 36.13% | 34.75% | 41.26% |
| 2016 | 36.88% | 35.45% | 44.11% |
| 2015 | 36.97% | 34.83% | 41.18% |
| 2014 | 36.90% | 34.21% | 39.97% |
| 2013 | 36.50% | 34.28% | 42.21% |
| 2012 | 36.09% | 33.76% | 39.94% |
| 2011 | 35.42% | 33.40% | 41.15% |
| 2010 | 34.65% | 32.59% | 40.72% |
| 2009 | 34.13% | 33.96% | 43.63% |
| 2007 | 32.80% | 32.27% | 35.97% |
| 2005 | 33.10% | 32.25% | 40.18% |
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. ↩
