Department of Numbers

Faulkner County Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Faulkner County AR was $770 in 2017 according to the Census ACS survey.1 Average gross rent in Faulkner County was $783 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 Faulkner County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Faulkner 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%
Faulkner County AR Median Gross Rent $770 -5.98% +2.39%

Faulkner County AR Real Gross Rent Trends

Median gross rent for Faulkner County peaked in real terms in 2016 at $819 and is now $49 (5.98%) lower. Average gross rent for Faulkner County peaked in real terms in 2015 at $809 and is now $26 (3.21%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Faulkner County

Date US
Median
Arkansas
Median
Faulkner County AR
Median
Faulkner County AR
Average
2017 $1,012 $711 $770 $783
2016 $996 $712 $819 $771
2015 $987 $715 $794 $809
2014 $956 $699 $752 $747
2013 $924 $673 $715 $779
2012 $912 $660 $709 $710
2011 $912 $669 $713 $760
2010 $927 $691 $733 $759
2009 $931 $670 $767 $762
2008 $947 $696 $762 $766
2007 $899 $653 $687 $662
2006 $909 $674 $724 $707

Faulkner County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Faulkner County Arkansas was 9.61% according to Census ACS data.

Rental Vacancy Rate in Faulkner County Arkansas

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

Trends in Faulkner County AR Rental Vacancy Rate

The rental vacancy rate in Faulkner County peaked in 2013 at 17.15%. Since then it has fallen by 7.54% to 9.61%. Data records for this series originated in 2005.

Rental Vacancy Rate: Faulkner County AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Faulkner County

Date US Arkansas Faulkner County AR
2017 6.18% 8.22%
2016 5.89% 8.06%
2015 5.85% 8.50%
2014 6.32% 9.60% 9.61%
2013 6.49% 9.66% 17.15%
2012 6.77% 9.13%
2011 7.40% 10.00% 11.01%
2010 8.17% 10.46% 8.39%
2009 8.43% 10.48% 12.65%
2008 7.86% 9.53%
2007 7.87% 8.73%
2006 7.70% 8.03% 4.04%

Rent as a Fraction of Income

Using median household income data for Faulkner County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Faulkner County, median monthly gross rent as a fraction of median household income was 19.26% in 2017 according to the ACS.

Faulkner 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%
Faulkner County AR 19.26% -0.68% +2.21%

Trends in Faulkner County AR Rent as a Fraction of Income

The fraction of median Faulkner County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 19.94%. Since then it has fallen by 0.68% to 19.26%.

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

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

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

Date US Arkansas Faulkner County AR
2017 20.13% 18.60% 19.26%
2016 20.43% 18.97% 19.94%
2015 20.63% 19.86% 18.31%
2014 20.89% 19.86% 17.05%
2013 20.78% 19.52% 17.09%
2012 20.65% 19.15% 16.57%
2011 20.70% 19.78% 16.38%
2010 20.50% 19.99% 18.85%
2009 20.12% 19.23% 16.99%
2008 19.00% 18.74% 19.32%
2007 18.66% 18.03% 16.34%
2006 18.90% 18.56% 17.48%

Renter Fraction in Faulkner County Arkansas

You can calculate the renter fraction in Faulkner 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 Faulkner County as a fraction of total Faulkner County households. In 2017 38.52% of households were renters according to Census ACS data.

Faulkner 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%
Faulkner County AR 38.52% -0.75% +1.12%

Trends in the Faulkner County AR Renter Fraction

The Faulkner County household renter fraction peaked in in 2016 at 39.27% and is now 0.75% below that level. The origin year for the series is 2005.

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

Fraction of renters in Faulkner County

History of Faulkner County Renter Fraction

Date US Arkansas Faulkner County AR
2017 36.13% 34.75% 38.52%
2016 36.88% 35.45% 39.27%
2015 36.97% 34.83% 36.82%
2014 36.90% 34.21% 37.40%
2013 36.50% 34.28% 33.74%
2012 36.09% 33.76% 38.60%
2011 35.42% 33.40% 36.13%
2010 34.65% 32.59% 36.05%
2009 34.13% 33.96% 31.75%
2008 33.36% 32.62% 36.34%
2007 32.80% 32.27% 33.27%
2006 32.73% 31.72% 31.83%

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.