Lonoke County Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Lonoke County AR was $776 in 2019 according to the Census ACS survey.1 Average gross rent in Lonoke County was $730 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 Lonoke County median and average rent data will be released in September of 2021.
Data is also available below for Lonoke County rental vacancy rates, Lonoke County rent as a percent of median income and the fraction of renters in Lonoke County.
Real Gross Rent in Lonoke 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% |
| Lonoke County AR Median Gross Rent | $776 | -10.91% | -7.84% |
Lonoke County AR Real Gross Rent Trends
Median gross rent for Lonoke County peaked in real terms in 2018 at $871 and is now $95 (10.91%) lower. Average gross rent for Lonoke County peaked in real terms in 2018 at $860 and is now $130 (15.12%) lower.
Real Gross Rent: Lonoke County AR Median, Lonoke County AR Average, Arkansas Median, US Median
Real Gross Rent History for Lonoke County
| Date | US Median |
Arkansas Median |
Lonoke County AR Median |
Lonoke County AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $776 | $730 |
| 2018 | $1,077 | $744 | $871 | $860 |
| 2017 | $1,043 | $733 | $798 | $752 |
| 2016 | $1,027 | $734 | $842 | $704 |
| 2015 | $1,017 | $737 | $773 | $798 |
| 2014 | $986 | $721 | $784 | $702 |
| 2013 | $953 | $694 | $737 | $712 |
| 2012 | $940 | $681 | $726 | $690 |
| 2011 | $941 | $690 | $689 | $631 |
| 2010 | $955 | $713 | $752 | $723 |
| 2009 | $960 | $691 | $718 | $726 |
| 2007 | $927 | $673 | — | — |
| 2005 | $910 | $686 | — | — |
Lonoke County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Lonoke County Arkansas was 10.37% according to Census ACS data.
Rental Vacancy Rate in Lonoke County Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Lonoke County AR | — | — | — |
Trends in Lonoke County AR Rental Vacancy Rate
At 10.37%, Lonoke County residential rental vacancy rate in 2016 is at the highest point since 2008, the beginning of our reporting for this series.
Rental Vacancy Rate: Lonoke County AR, Arkansas, US
Historical Rental Vacancy Rate data for Lonoke County
| Date | US | Arkansas | Lonoke County AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | — |
| 2018 | 6.15% | 8.35% | — |
| 2017 | 6.18% | 8.22% | — |
| 2016 | 5.89% | 8.06% | 10.37% |
| 2015 | 5.85% | 8.50% | 8.56% |
| 2014 | 6.32% | 9.60% | 3.79% |
| 2013 | 6.49% | 9.66% | — |
| 2012 | 6.77% | 9.13% | 5.80% |
| 2011 | 7.40% | 10.00% | — |
| 2010 | 8.17% | 10.46% | — |
| 2009 | 8.43% | 10.48% | — |
| 2007 | 7.87% | 8.73% | — |
| 2005 | 7.74% | 9.52% | — |
Rent as a Fraction of Income
Using median household income data for Lonoke County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lonoke County, median monthly gross rent as a fraction of median household income was 14.89% in 2019 according to the ACS.
Lonoke 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% |
| Lonoke County AR | 14.89% | -4.21% | -2.39% |
Trends in Lonoke County AR Rent as a Fraction of Income
The fraction of median Lonoke County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2008 series origin) at 19.10%. Since then it has fallen by 4.21% to 14.89%.
Fraction of Income towards Rent: Lonoke County AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Lonoke County Arkansas
| Date | US | Arkansas | Lonoke County AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 14.89% |
| 2018 | 20.50% | 18.64% | 19.10% |
| 2017 | 20.13% | 18.60% | 17.92% |
| 2016 | 20.43% | 18.97% | 17.28% |
| 2015 | 20.63% | 19.86% | 15.38% |
| 2014 | 20.89% | 19.86% | 16.35% |
| 2013 | 20.78% | 19.52% | 14.83% |
| 2012 | 20.65% | 19.15% | 16.02% |
| 2011 | 20.70% | 19.78% | 15.90% |
| 2010 | 20.50% | 19.99% | 16.36% |
| 2009 | 20.12% | 19.23% | 14.48% |
| 2007 | 18.66% | 18.03% | — |
| 2005 | 18.89% | 18.82% | — |
Renter Fraction in Lonoke County Arkansas
You can calculate the renter fraction in Lonoke 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 Lonoke County as a fraction of total Lonoke County households. In 2019 28.71% of households were renters according to Census ACS data.
Lonoke 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% |
| Lonoke County AR | 28.71% | -2.66% | -2.89% |
Trends in the Lonoke County AR Renter Fraction
The Lonoke County household renter fraction peaked in in 2017 at 33.65% and is now 4.94% below that level. The origin year for the series is 2008.
Fraction of Renting Households: Lonoke County AR, Arkansas, US
History of Lonoke County Renter Fraction
| Date | US | Arkansas | Lonoke County AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 28.71% |
| 2018 | 36.05% | 34.24% | 31.37% |
| 2017 | 36.13% | 34.75% | 33.65% |
| 2016 | 36.88% | 35.45% | 31.60% |
| 2015 | 36.97% | 34.83% | 29.94% |
| 2014 | 36.90% | 34.21% | 31.27% |
| 2013 | 36.50% | 34.28% | 29.12% |
| 2012 | 36.09% | 33.76% | 27.21% |
| 2011 | 35.42% | 33.40% | 29.96% |
| 2010 | 34.65% | 32.59% | 22.83% |
| 2009 | 34.13% | 33.96% | 25.30% |
| 2007 | 32.80% | 32.27% | — |
| 2005 | 33.10% | 32.25% | — |
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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