Department of Numbers

Fayetteville Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Fayetteville, AR (the Fayetteville-Springdale-Rogers metro area) was $807 in 2017 according to the Census ACS survey.1 Average gross rent in Fayetteville was $807 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 Fayetteville median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Fayetteville 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%
Fayetteville, AR Median Gross Rent $807 +3.99% +7.89%

Fayetteville, AR Real Gross Rent Trends

At $807, real median gross rent in Fayetteville was at its highest level in 2017 since the series began in 2005. At $807, real average gross rent in Fayetteville was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Fayetteville

Date US
Median
Arkansas
Median
Fayetteville, AR
Median
Fayetteville, AR
Average
2017 $1,012 $711 $807 $807
2016 $996 $712 $776 $781
2015 $987 $715 $771 $772
2014 $956 $699 $748 $753
2013 $924 $673 $749 $767
2012 $912 $660 $711 $714
2011 $912 $669 $724 $751
2010 $927 $691 $732 $774
2009 $931 $670 $707 $725
2008 $947 $696 $720 $757
2007 $899 $653 $739 $751
2006 $909 $674 $762 $776

Fayetteville 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 Fayetteville Arkansas was 4.69% according to Census ACS data.

Rental Vacancy Rate in Fayetteville Arkansas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arkansas 8.22% +0.16% -1.38%
Fayetteville, AR 4.69% +2.79% +0.42%

Trends in Fayetteville, AR Rental Vacancy Rate

The rental vacancy rate in Fayetteville peaked in 2009 at 14.20%. Since then it has fallen by 9.51% to 4.69%. Data records for this series originated in 2005. From a 2016 post peak low of 1.90%, the rental vacancy rate has increased by 2.79%.

Rental Vacancy Rate: Fayetteville AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Fayetteville

Date US Arkansas Fayetteville, AR
2017 6.18% 8.22% 4.69%
2016 5.89% 8.06% 1.90%
2015 5.85% 8.50% 4.11%
2014 6.32% 9.60% 4.27%
2013 6.49% 9.66% 5.00%
2012 6.77% 9.13% 6.39%
2011 7.40% 10.00% 7.90%
2010 8.17% 10.46% 13.70%
2009 8.43% 10.48% 14.20%
2008 7.86% 9.53% 13.53%
2007 7.87% 8.73% 9.68%
2006 7.70% 8.03% 7.33%

Rent as a Fraction of Income

Using median household income data for Fayetteville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fayetteville, median monthly gross rent as a fraction of median household income was 17.28% in 2017 according to the ACS.

Fayetteville 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%
Fayetteville, AR 17.28% -0.40% -0.22%

Trends in Fayetteville, AR Rent as a Fraction of Income

The fraction of median Fayetteville household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.37%. Since then it has fallen by 1.09% to 17.28%.

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

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

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

Date US Arkansas Fayetteville, AR
2017 20.13% 18.60% 17.28%
2016 20.43% 18.97% 17.68%
2015 20.63% 19.86% 17.70%
2014 20.89% 19.86% 17.50%
2013 20.78% 19.52% 18.36%
2012 20.65% 19.15% 18.13%
2011 20.70% 19.78% 18.37%
2010 20.50% 19.99% 17.96%
2009 20.12% 19.23% 17.36%
2008 19.00% 18.74% 17.10%
2007 18.66% 18.03% 17.48%
2006 18.90% 18.56% 18.17%

Renter Fraction in Fayetteville Arkansas

You can calculate the renter fraction in Fayetteville 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 Fayetteville as a fraction of total Fayetteville households. In 2017 38.99% of households were renters according to Census ACS data.

Fayetteville 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%
Fayetteville, AR 38.99% -1.47% +0.67%

Trends in the Fayetteville, AR Renter Fraction

The Fayetteville household renter fraction peaked in in 2016 at 40.46% and is now 1.47% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Fayetteville AR, Arkansas, US

Fraction of renters in Fayetteville

History of Fayetteville Renter Fraction

Date US Arkansas Fayetteville, AR
2017 36.13% 34.75% 38.99%
2016 36.88% 35.45% 40.46%
2015 36.97% 34.83% 39.58%
2014 36.90% 34.21% 38.32%
2013 36.50% 34.28% 37.83%
2012 36.09% 33.76% 37.43%
2011 35.42% 33.40% 38.49%
2010 34.65% 32.59% 36.21%
2009 34.13% 33.96% 35.64%
2008 33.36% 32.62% 35.93%
2007 32.80% 32.27% 34.01%
2006 32.73% 31.72% 35.00%

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.