Department of Numbers

Pine Bluff Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Pine Bluff, AR (the Pine Bluff metro area) was $688 in 2015 according to the Census ACS survey.1 Average gross rent in Pine Bluff was $598 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 Pine Bluff median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Pine Bluff 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%
Pine Bluff, AR Median Gross Rent $688 +13.16% +6.34%

Pine Bluff, AR Real Gross Rent Trends

Median gross rent for Pine Bluff peaked in real terms in 2008 at $704 and is now $16 (2.27%) lower. From a recent low of 608.0 in 2014, real median gross rent has now increased by $80 (13.16%). Average gross rent for Pine Bluff peaked in real terms in 2008 at $622 and is now $24 (3.86%) lower. From a recent low of 536.0 in 2009, real average gross rent has now increased by $62 (11.57%).

Real Gross Rent in Pine Bluff: Pine Bluff AR Median, Pine Bluff AR Average, Arkansas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pine Bluff

Date US
Median
Arkansas
Median
Pine Bluff, AR
Median
Pine Bluff, AR
Average
2015 $959 $695 $688 $598
2014 $930 $680 $608 $551
2013 $898 $654 $635 $572
2012 $886 $642 $647 $577
2011 $887 $651 $628 $545
2010 $901 $672 $648 $597
2009 $905 $651 $611 $536
2008 $920 $677 $704 $622
2007 $874 $635 $635 $580
2006 $883 $655 $657 $601
2005 $858 $647 $661 $541

Pine Bluff 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 Pine Bluff Arkansas was 13.71% according to Census ACS data.

Rental Vacancy Rate in Pine Bluff Arkansas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Arkansas 8.50% -1.10% -0.63%
Pine Bluff, AR 13.71% +7.11%

Trends in Pine Bluff, AR Rental Vacancy Rate

At 13.71%, Pine Bluff residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Pine Bluff AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Pine Bluff

Date US Arkansas Pine Bluff, AR
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%
2008 7.86% 9.53%
2007 7.87% 8.73% 8.85%
2006 7.70% 8.03%
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 22.60% in 2015 according to the ACS.

Pine Bluff 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%
Pine Bluff, AR 22.60% +0.93% +1.17%

Trends in Pine Bluff, AR Rent as a Fraction of Income

Pine Bluff renters paid 22.60% 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: Pine Bluff AR, Arkansas, US

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

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

Date US Arkansas Pine Bluff, AR
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%
2008 19.00% 18.74% 20.21%
2007 18.66% 18.03% 20.10%
2006 18.90% 18.56% 19.30%
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 2015 35.22% of households were renters according to Census ACS data.

Pine Bluff 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%
Pine Bluff, AR 35.22% +0.84% +0.09%

Trends in the Pine Bluff, AR Renter Fraction

The Pine Bluff household renter fraction peaked in in 2007 at 37.72% and is now 2.50% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Pine Bluff AR, Arkansas, US

Fraction of renters in Pine Bluff

History of Pine Bluff Renter Fraction

Date US Arkansas Pine Bluff, AR
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%
2008 33.36% 32.62% 32.41%
2007 32.80% 32.27% 37.72%
2006 32.73% 31.72% 32.20%
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.