Department of Numbers

Jonesboro Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Jonesboro, AR (the Jonesboro metro area) was $678 in 2015 according to the Census ACS survey.1 Average gross rent in Jonesboro was $654 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 Jonesboro median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Jonesboro 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%
Jonesboro, AR Median Gross Rent $678 +3.20% +6.60%

Jonesboro, AR Real Gross Rent Trends

At $678, real median gross rent in Jonesboro was at its highest level in 2015 since the series began in 2005. Average gross rent for Jonesboro peaked in real terms in 2014 at $655 and is now $1 (0.15%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jonesboro

Date US
Median
Arkansas
Median
Jonesboro, AR
Median
Jonesboro, AR
Average
2015 $959 $695 $678 $654
2014 $930 $680 $657 $655
2013 $898 $654 $609 $595
2012 $886 $642 $636 $627
2011 $887 $651 $612 $600
2010 $901 $672 $629 $606
2009 $905 $651 $647 $630
2008 $920 $677 $603 $560
2007 $874 $635 $586 $532
2006 $883 $655 $590 $550
2005 $858 $647 $613 $595

Jonesboro 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 Jonesboro Arkansas was 5.14% according to Census ACS data.

Rental Vacancy Rate in Jonesboro Arkansas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Arkansas 8.50% -1.10% -0.63%
Jonesboro, AR 5.14% -3.31%

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 7.88% to 5.14%. Data records for this series originated in 2005. From a 2008 post peak low of 4.18%, the rental vacancy rate has increased by 0.96%.

Rental Vacancy Rate: Jonesboro AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Jonesboro

Date US Arkansas Jonesboro, AR
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%
2008 7.86% 9.53% 4.18%
2007 7.87% 8.73% 5.88%
2006 7.70% 8.03% 10.37%
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 21.77% in 2015 according to the ACS.

Jonesboro 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%
Jonesboro, AR 21.77% +2.33% +3.46%

Trends in Jonesboro, AR Rent as a Fraction of Income

Jonesboro renters paid 21.77% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Arkansas Jonesboro, AR
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%
2008 19.00% 18.74% 17.54%
2007 18.66% 18.03% 17.13%
2006 18.90% 18.56% 16.26%
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 2015 41.18% of households were renters according to Census ACS data.

Jonesboro 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%
Jonesboro, AR 41.18% +1.21% +1.24%

Trends in the Jonesboro, AR Renter Fraction

The Jonesboro household renter fraction peaked in in 2009 at 43.63% and is now 2.45% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Jonesboro AR, Arkansas, US

Fraction of renters in Jonesboro

History of Jonesboro Renter Fraction

Date US Arkansas Jonesboro, AR
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%
2008 33.36% 32.62% 34.91%
2007 32.80% 32.27% 35.97%
2006 32.73% 31.72% 33.04%
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.