Pulaski County Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Pulaski County AR was $837 in 2019 according to the Census ACS survey.1 Average gross rent in Pulaski County was $862 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 Pulaski County median and average rent data will be released in September of 2021.
Data is also available below for Pulaski County rental vacancy rates, Pulaski County rent as a percent of median income and the fraction of renters in Pulaski County.
Real Gross Rent in Pulaski 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% |
| Pulaski County AR Median Gross Rent | $837 | -0.59% | -1.53% |
Pulaski County AR Real Gross Rent Trends
Median gross rent for Pulaski County peaked in real terms in 2015 at $876 and is now $39 (4.45%) lower. Average gross rent for Pulaski County peaked in real terms in 2017 at $883 and is now $21 (2.38%) lower.
Real Gross Rent: Pulaski County AR Median, Pulaski County AR Average, Arkansas Median, US Median
Real Gross Rent History for Pulaski County
| Date | US Median |
Arkansas Median |
Pulaski County AR Median |
Pulaski County AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $837 | $862 |
| 2018 | $1,077 | $744 | $842 | $857 |
| 2017 | $1,043 | $733 | $860 | $883 |
| 2016 | $1,027 | $734 | $850 | $863 |
| 2015 | $1,017 | $737 | $876 | $869 |
| 2014 | $986 | $721 | $819 | $818 |
| 2013 | $953 | $694 | $815 | $817 |
| 2012 | $940 | $681 | $768 | $780 |
| 2011 | $941 | $690 | $800 | $807 |
| 2010 | $955 | $713 | $848 | $849 |
| 2009 | $960 | $691 | $796 | $796 |
| 2007 | $927 | $673 | $814 | $793 |
| 2005 | $910 | $686 | $803 | $779 |
Pulaski 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 Pulaski County Arkansas was 12.35% according to Census ACS data.
Rental Vacancy Rate in Pulaski County Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Pulaski County AR | 12.35% | -1.13% | +1.19% |
Trends in Pulaski County AR Rental Vacancy Rate
The rental vacancy rate in Pulaski County peaked in 2013 at 19.27%. Since then it has fallen by 6.92% to 12.35%. Data records for this series originated in 2005.
Rental Vacancy Rate: Pulaski County AR, Arkansas, US
Historical Rental Vacancy Rate data for Pulaski County
| Date | US | Arkansas | Pulaski County AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | 12.35% |
| 2018 | 6.15% | 8.35% | 13.48% |
| 2017 | 6.18% | 8.22% | 13.39% |
| 2016 | 5.89% | 8.06% | 11.16% |
| 2015 | 5.85% | 8.50% | 14.39% |
| 2014 | 6.32% | 9.60% | 15.90% |
| 2013 | 6.49% | 9.66% | 19.27% |
| 2012 | 6.77% | 9.13% | 14.88% |
| 2011 | 7.40% | 10.00% | 16.43% |
| 2010 | 8.17% | 10.46% | 10.75% |
| 2009 | 8.43% | 10.48% | 12.28% |
| 2007 | 7.87% | 8.73% | 14.82% |
| 2005 | 7.74% | 9.52% | 13.91% |
Rent as a Fraction of Income
Using median household income data for Pulaski County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pulaski County, median monthly gross rent as a fraction of median household income was 19.30% in 2019 according to the ACS.
Pulaski 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% |
| Pulaski County AR | 19.30% | -0.70% | -1.26% |
Trends in Pulaski County AR Rent as a Fraction of Income
The fraction of median Pulaski County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 21.52%. Since then it has fallen by 2.22% to 19.30%.
Fraction of Income towards Rent: Pulaski County AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Pulaski County Arkansas
| Date | US | Arkansas | Pulaski County AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 19.30% |
| 2018 | 20.50% | 18.64% | 20.00% |
| 2017 | 20.13% | 18.60% | 19.08% |
| 2016 | 20.43% | 18.97% | 20.56% |
| 2015 | 20.63% | 19.86% | 21.52% |
| 2014 | 20.89% | 19.86% | 20.76% |
| 2013 | 20.78% | 19.52% | 20.03% |
| 2012 | 20.65% | 19.15% | 19.50% |
| 2011 | 20.70% | 19.78% | 20.46% |
| 2010 | 20.50% | 19.99% | 20.48% |
| 2009 | 20.12% | 19.23% | 20.14% |
| 2007 | 18.66% | 18.03% | 18.58% |
| 2005 | 18.89% | 18.82% | 19.06% |
Renter Fraction in Pulaski County Arkansas
You can calculate the renter fraction in Pulaski 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 Pulaski County as a fraction of total Pulaski County households. In 2019 39.78% of households were renters according to Census ACS data.
Pulaski 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% |
| Pulaski County AR | 39.78% | -1.53% | -4.07% |
Trends in the Pulaski County AR Renter Fraction
The Pulaski County household renter fraction peaked in in 2016 at 43.85% and is now 4.07% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Pulaski County AR, Arkansas, US
History of Pulaski County Renter Fraction
| Date | US | Arkansas | Pulaski County AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 39.78% |
| 2018 | 36.05% | 34.24% | 41.31% |
| 2017 | 36.13% | 34.75% | 41.64% |
| 2016 | 36.88% | 35.45% | 43.85% |
| 2015 | 36.97% | 34.83% | 42.48% |
| 2014 | 36.90% | 34.21% | 41.58% |
| 2013 | 36.50% | 34.28% | 38.90% |
| 2012 | 36.09% | 33.76% | 39.77% |
| 2011 | 35.42% | 33.40% | 38.33% |
| 2010 | 34.65% | 32.59% | 41.11% |
| 2009 | 34.13% | 33.96% | 41.61% |
| 2007 | 32.80% | 32.27% | 35.89% |
| 2005 | 33.10% | 32.25% | 38.02% |
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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