Pine Bluff Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Pine Bluff, AR (the Pine Bluff metro area) was $704 in 2019 according to the Census ACS survey.1 Average gross rent in Pine Bluff was $618 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 Pine Bluff median and average rent data will be released in September of 2021.
Data is also available below for Pine Bluff rental vacancy rates, Pine Bluff rent as a percent of median income and the fraction of renters in Pine Bluff.
Real Gross Rent in Pine Bluff 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% |
| Pine Bluff, AR Median Gross Rent | $704 | -4.09% | -2.36% |
Pine Bluff, AR Real Gross Rent Trends
Median gross rent for Pine Bluff peaked in real terms in 2008 at $747 and is now $43 (5.76%) lower. From a recent low of 645.0 in 2014, real median gross rent has now increased by $59 (9.15%). Average gross rent for Pine Bluff peaked in real terms in 2008 at $660 and is now $42 (6.36%) lower. From a recent low of 569.0 in 2009, real average gross rent has now increased by $49 (8.61%).
Real Gross Rent in Pine Bluff: Pine Bluff AR Median, Pine Bluff AR Average, Arkansas Median, US Median
Real Gross Rent History for Pine Bluff
| Date | US Median |
Arkansas Median |
Pine Bluff, AR Median |
Pine Bluff, AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $704 | $618 |
| 2018 | $1,077 | $744 | $734 | $640 |
| 2017 | $1,043 | $733 | $701 | $609 |
| 2016 | $1,027 | $734 | $721 | $641 |
| 2015 | $1,017 | $737 | $730 | $634 |
| 2014 | $986 | $721 | $645 | $585 |
| 2013 | $953 | $694 | $674 | $607 |
| 2012 | $940 | $681 | $686 | $612 |
| 2011 | $941 | $690 | $666 | $578 |
| 2010 | $955 | $713 | $687 | $634 |
| 2009 | $960 | $691 | $649 | $569 |
| 2007 | $927 | $673 | $673 | $616 |
| 2005 | $910 | $686 | $701 | $574 |
Pine Bluff Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Pine Bluff Arkansas was 8.65% according to Census ACS data.
Rental Vacancy Rate in Pine Bluff Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Pine Bluff, AR | — | — | — |
Trends in Pine Bluff, AR Rental Vacancy Rate
The rental vacancy rate in Pine Bluff peaked in 2015 at 13.71%. Since then it has fallen by 5.06% to 8.65%. Data records for this series originated in 2005. From a 2016 post peak low of 3.21%, the rental vacancy rate has increased by 5.44%.
Rental Vacancy Rate: Pine Bluff AR, Arkansas, US
Historical Rental Vacancy Rate data for Pine Bluff
| Date | US | Arkansas | Pine Bluff, AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | — |
| 2018 | 6.15% | 8.35% | 8.65% |
| 2017 | 6.18% | 8.22% | 8.01% |
| 2016 | 5.89% | 8.06% | 3.21% |
| 2015 | 5.85% | 8.50% | 13.71% |
| 2014 | 6.32% | 9.60% | — |
| 2013 | 6.49% | 9.66% | 6.35% |
| 2012 | 6.77% | 9.13% | 6.60% |
| 2011 | 7.40% | 10.00% | 8.68% |
| 2010 | 8.17% | 10.46% | 5.74% |
| 2009 | 8.43% | 10.48% | — |
| 2007 | 7.87% | 8.73% | 8.85% |
| 2005 | 7.74% | 9.52% | 8.69% |
Rent as a Fraction of Income
Using median household income data for Pine Bluff, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pine Bluff, median monthly gross rent as a fraction of median household income was 20.34% in 2019 according to the ACS.
Pine Bluff 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% |
| Pine Bluff, AR | 20.34% | -2.85% | -1.96% |
Trends in Pine Bluff, AR Rent as a Fraction of Income
The fraction of median Pine Bluff household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 23.19%. Since then it has fallen by 2.85% to 20.34%.
Fraction of Income towards Rent: Pine Bluff AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Pine Bluff Arkansas
| Date | US | Arkansas | Pine Bluff, AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 20.34% |
| 2018 | 20.50% | 18.64% | 23.19% |
| 2017 | 20.13% | 18.60% | 20.44% |
| 2016 | 20.43% | 18.97% | 22.30% |
| 2015 | 20.63% | 19.86% | 22.60% |
| 2014 | 20.89% | 19.86% | 21.67% |
| 2013 | 20.78% | 19.52% | 22.15% |
| 2012 | 20.65% | 19.15% | 21.42% |
| 2011 | 20.70% | 19.78% | 18.98% |
| 2010 | 20.50% | 19.99% | 22.07% |
| 2009 | 20.12% | 19.23% | 20.55% |
| 2007 | 18.66% | 18.03% | 20.10% |
| 2005 | 18.89% | 18.82% | 21.14% |
Renter Fraction in Pine Bluff Arkansas
You can calculate the renter fraction in Pine Bluff 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 Pine Bluff as a fraction of total Pine Bluff households. In 2019 32.34% of households were renters according to Census ACS data.
Pine Bluff 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% |
| Pine Bluff, AR | 32.34% | -4.66% | -4.98% |
Trends in the Pine Bluff, AR Renter Fraction
The Pine Bluff household renter fraction peaked in in 2007 at 37.72% and is now 5.38% below that level. From a recent low of 32.16% in 2017, the household based renter fraction has now grown by 0.18%. The origin year for the series is 2005.
Fraction of Renting Households: Pine Bluff AR, Arkansas, US
History of Pine Bluff Renter Fraction
| Date | US | Arkansas | Pine Bluff, AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 32.34% |
| 2018 | 36.05% | 34.24% | 37.00% |
| 2017 | 36.13% | 34.75% | 32.16% |
| 2016 | 36.88% | 35.45% | 37.32% |
| 2015 | 36.97% | 34.83% | 35.22% |
| 2014 | 36.90% | 34.21% | 34.38% |
| 2013 | 36.50% | 34.28% | 33.55% |
| 2012 | 36.09% | 33.76% | 35.13% |
| 2011 | 35.42% | 33.40% | 32.87% |
| 2010 | 34.65% | 32.59% | 36.75% |
| 2009 | 34.13% | 33.96% | 35.69% |
| 2007 | 32.80% | 32.27% | 37.72% |
| 2005 | 33.10% | 32.25% | 34.47% |
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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