Department of Numbers

Fayetteville Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Fayetteville, AR (the Fayetteville-Springdale-Rogers metro area) was $749 in 2015 according to the Census ACS survey.1 Average gross rent in Fayetteville was $750 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Fayetteville median and average rent data will be released in September of 2017.

Data is also available below for Fayetteville rental vacancy rates, Fayetteville rent as a percent of median income and the fraction of renters in Fayetteville.

Show dollars as: Nominal Real

Real Gross Rent in Fayetteville Arkansas (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Arkansas Median Gross Rent $695 +2.21% +8.26%
Fayetteville, AR Median Gross Rent $749 +2.88% +8.39%

Fayetteville, AR Real Gross Rent Trends

At $749, real median gross rent in Fayetteville was at its highest level in 2015 since the series began in 2005. Average gross rent for Fayetteville peaked in real terms in 2006 at $755 and is now $5 (0.66%) lower. From a recent low of 694.0 in 2012, real average gross rent has now increased by $56 (8.07%).

Real Gross Rent in Fayetteville: Fayetteville AR Median, Fayetteville AR Average, Arkansas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Fayetteville

Date US
Median
Arkansas
Median
Fayetteville, AR
Median
Fayetteville, AR
Average
2015 $959 $695 $749 $750
2014 $930 $680 $728 $731
2013 $898 $654 $728 $746
2012 $886 $642 $691 $694
2011 $887 $651 $704 $730
2010 $901 $672 $711 $752
2009 $905 $651 $688 $705
2008 $920 $677 $700 $736
2007 $874 $635 $719 $730
2006 $883 $655 $741 $755
2005 $858 $647 $720 $709

Fayetteville Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Fayetteville Arkansas was 4.11% according to Census ACS data.

Rental Vacancy Rate in Fayetteville Arkansas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Arkansas 8.50% -1.10% -0.63%
Fayetteville, AR 4.11% -0.16% -2.28%

Trends in Fayetteville, AR Rental Vacancy Rate

The rental vacancy rate in Fayetteville peaked in 2009 at 14.20%. Since then it has fallen by 10.09% to 4.11%. Data records for this series originated in 2005.

Rental Vacancy Rate: Fayetteville AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Fayetteville

Date US Arkansas Fayetteville, AR
2015 5.85% 8.50% 4.11%
2014 6.32% 9.60% 4.27%
2013 6.49% 9.66% 5.00%
2012 6.77% 9.13% 6.39%
2011 7.40% 10.00% 7.90%
2010 8.17% 10.46% 13.70%
2009 8.43% 10.48% 14.20%
2008 7.86% 9.53% 13.53%
2007 7.87% 8.73% 9.68%
2006 7.70% 8.03% 7.33%
2005 7.74% 9.52% 6.82%

Rent as a Fraction of Income

Using median household income data for Fayetteville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fayetteville, median monthly gross rent as a fraction of median household income was 17.70% in 2015 according to the ACS.

Fayetteville Arkansas Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Arkansas 19.86% -0.00% +0.71%
Fayetteville, AR 17.70% +0.20% -0.43%

Trends in Fayetteville, AR Rent as a Fraction of Income

The fraction of median Fayetteville household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.37%. Since then it has fallen by 0.67% to 17.70%.

Fraction of Income towards Rent: Fayetteville AR, Arkansas, US

Percent of median household income going towards median monthly gross rent in Fayetteville Arkansas

Historical Data for Annual Rent as a Fraction of Income in Fayetteville Arkansas

Date US Arkansas Fayetteville, AR
2015 20.63% 19.86% 17.70%
2014 20.89% 19.86% 17.50%
2013 20.78% 19.52% 18.36%
2012 20.65% 19.15% 18.13%
2011 20.70% 19.78% 18.37%
2010 20.50% 19.99% 17.96%
2009 20.12% 19.23% 17.36%
2008 19.00% 18.74% 17.10%
2007 18.66% 18.03% 17.48%
2006 18.90% 18.56% 18.17%
2005 18.89% 18.82% 17.13%

Renter Fraction in Fayetteville Arkansas

You can calculate the renter fraction in Fayetteville 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 Fayetteville as a fraction of total Fayetteville households. In 2015 39.58% of households were renters according to Census ACS data.

Fayetteville Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Arkansas 34.83% +0.62% +1.07%
Fayetteville, AR 39.58% +1.26% +2.15%

Trends in the Fayetteville, AR Renter Fraction

At 39.58%, the 2015 household based renter fraction in Fayetteville was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Fayetteville AR, Arkansas, US

Fraction of renters in Fayetteville

History of Fayetteville Renter Fraction

Date US Arkansas Fayetteville, AR
2015 36.97% 34.83% 39.58%
2014 36.90% 34.21% 38.32%
2013 36.50% 34.28% 37.83%
2012 36.09% 33.76% 37.43%
2011 35.42% 33.40% 38.49%
2010 34.65% 32.59% 36.21%
2009 34.13% 33.96% 35.64%
2008 33.36% 32.62% 35.93%
2007 32.80% 32.27% 34.01%
2006 32.73% 31.72% 35.00%
2005 33.10% 32.25% 35.82%

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.