Department of Numbers

Craighead County Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Craighead County AR was $760 in 2017 according to the Census ACS survey.1 Average gross rent in Craighead County was $702 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Craighead County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Craighead County Arkansas (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Arkansas Median Gross Rent $711 -0.14% +1.72%
Craighead County AR Median Gross Rent $760 +5.26% +7.95%

Craighead County AR Real Gross Rent Trends

At $760, real median gross rent in Craighead County was at its highest level in 2017 since the series began in 2005. Average gross rent for Craighead County peaked in real terms in 2014 at $716 and is now $14 (1.96%) lower.

Real Gross Rent: Craighead County AR Median, Craighead County AR Average, Arkansas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Craighead County

Date US
Median
Arkansas
Median
Craighead County AR
Median
Craighead County AR
Average
2017 $1,012 $711 $760 $702
2016 $996 $712 $722 $697
2015 $987 $715 $734 $711
2014 $956 $699 $704 $716
2013 $924 $673 $645 $651
2012 $912 $660 $677 $702
2011 $912 $669 $661 $652
2010 $927 $691 $652 $663
2009 $931 $670 $679 $681
2008 $947 $696 $667 $641
2007 $899 $653 $626 $588
2006 $909 $674 $624 $592

Craighead County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Craighead County Arkansas was 4.28% according to Census ACS data.

Rental Vacancy Rate in Craighead County Arkansas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arkansas 8.22% +0.16% -1.38%
Craighead County AR 4.28%

Trends in Craighead County AR Rental Vacancy Rate

The rental vacancy rate in Craighead County peaked in 2005 at 15.51%. Since then it has fallen by 11.23% to 4.28%. Data records for this series originated in 2005.

Rental Vacancy Rate: Craighead County AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Craighead County

Date US Arkansas Craighead County AR
2017 6.18% 8.22% 4.28%
2016 5.89% 8.06%
2015 5.85% 8.50%
2014 6.32% 9.60%
2013 6.49% 9.66% 8.93%
2012 6.77% 9.13%
2011 7.40% 10.00%
2010 8.17% 10.46% 5.03%
2009 8.43% 10.48% 8.85%
2008 7.86% 9.53% 5.44%
2007 7.87% 8.73%
2006 7.70% 8.03% 9.22%

Rent as a Fraction of Income

Using median household income data for Craighead County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Craighead County, median monthly gross rent as a fraction of median household income was 18.09% in 2017 according to the ACS.

Craighead County Arkansas Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Arkansas 18.60% -0.37% -1.26%
Craighead County AR 18.09% -1.45% -1.25%

Trends in Craighead County AR Rent as a Fraction of Income

The fraction of median Craighead County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 21.34%. Since then it has fallen by 3.26% to 18.09%.

Fraction of Income towards Rent: Craighead County AR, Arkansas, US

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

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

Date US Arkansas Craighead County AR
2017 20.13% 18.60% 18.09%
2016 20.43% 18.97% 19.53%
2015 20.63% 19.86% 21.34%
2014 20.89% 19.86% 19.34%
2013 20.78% 19.52% 18.44%
2012 20.65% 19.15% 17.85%
2011 20.70% 19.78% 20.25%
2010 20.50% 19.99% 19.89%
2009 20.12% 19.23% 18.41%
2008 19.00% 18.74% 17.54%
2007 18.66% 18.03% 16.12%
2006 18.90% 18.56% 15.93%

Renter Fraction in Craighead County Arkansas

You can calculate the renter fraction in Craighead 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 Craighead County as a fraction of total Craighead County households. In 2017 43.22% of households were renters according to Census ACS data.

Craighead County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Arkansas 34.75% -0.70% +0.54%
Craighead County AR 43.22% -2.55% +1.65%

Trends in the Craighead County AR Renter Fraction

The Craighead County household renter fraction peaked in in 2016 at 45.77% and is now 2.55% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Craighead County AR, Arkansas, US

Fraction of renters in Craighead County

History of Craighead County Renter Fraction

Date US Arkansas Craighead County AR
2017 36.13% 34.75% 43.22%
2016 36.88% 35.45% 45.77%
2015 36.97% 34.83% 41.01%
2014 36.90% 34.21% 41.57%
2013 36.50% 34.28% 43.88%
2012 36.09% 33.76% 38.13%
2011 35.42% 33.40% 41.85%
2010 34.65% 32.59% 41.45%
2009 34.13% 33.96% 45.04%
2008 33.36% 32.62% 34.89%
2007 32.80% 32.27% 35.15%
2006 32.73% 31.72% 33.70%

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.