Department of Numbers

Jefferson County Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Jefferson County AR was $702 in 2017 according to the Census ACS survey.1 Average gross rent in Jefferson County was $612 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 Jefferson County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Jefferson 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%
Jefferson County AR Median Gross Rent $702 -1.68% +9.35%

Jefferson County AR Real Gross Rent Trends

Median gross rent for Jefferson County peaked in real terms in 2008 at $741 and is now $39 (5.26%) lower. From a recent low of 642.0 in 2014, real median gross rent has now increased by $60 (9.35%). Average gross rent for Jefferson County peaked in real terms in 2016 at $671 and is now $59 (8.79%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jefferson County

Date US
Median
Arkansas
Median
Jefferson County AR
Median
Jefferson County AR
Average
2017 $1,012 $711 $702 $612
2016 $996 $712 $714 $671
2015 $987 $715 $716 $647
2014 $956 $699 $642 $591
2013 $924 $673 $670 $619
2012 $912 $660 $664 $626
2011 $912 $669 $653 $597
2010 $927 $691 $686 $650
2009 $931 $670 $668 $580
2008 $947 $696 $741 $660
2007 $899 $653 $670 $639
2006 $909 $674 $675 $643

Jefferson 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 Jefferson County Arkansas was 9.10% according to Census ACS data.

Rental Vacancy Rate in Jefferson County Arkansas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arkansas 8.22% +0.16% -1.38%
Jefferson County AR 9.10% +5.55%

Trends in Jefferson County AR Rental Vacancy Rate

The rental vacancy rate in Jefferson County peaked in 2015 at 14.62%. Since then it has fallen by 5.52% to 9.10%. Data records for this series originated in 2005. From a 2016 post peak low of 3.55%, the rental vacancy rate has increased by 5.55%.

Rental Vacancy Rate: Jefferson County AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Jefferson County

Date US Arkansas Jefferson County AR
2017 6.18% 8.22% 9.10%
2016 5.89% 8.06% 3.55%
2015 5.85% 8.50% 14.62%
2014 6.32% 9.60%
2013 6.49% 9.66% 7.42%
2012 6.77% 9.13% 7.48%
2011 7.40% 10.00%
2010 8.17% 10.46% 6.19%
2009 8.43% 10.48%
2008 7.86% 9.53%
2007 7.87% 8.73%
2006 7.70% 8.03%

Rent as a Fraction of Income

Using median household income data for Jefferson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jefferson County, median monthly gross rent as a fraction of median household income was 22.36% in 2017 according to the ACS.

Jefferson 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%
Jefferson County AR 22.36% -0.01% -0.84%

Trends in Jefferson County AR Rent as a Fraction of Income

The fraction of median Jefferson County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.61%. Since then it has fallen by 1.25% to 22.36%.

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

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

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

Date US Arkansas Jefferson County AR
2017 20.13% 18.60% 22.36%
2016 20.43% 18.97% 22.37%
2015 20.63% 19.86% 23.61%
2014 20.89% 19.86% 23.20%
2013 20.78% 19.52% 22.69%
2012 20.65% 19.15% 21.30%
2011 20.70% 19.78% 19.08%
2010 20.50% 19.99% 22.69%
2009 20.12% 19.23% 21.34%
2008 19.00% 18.74% 19.89%
2007 18.66% 18.03% 19.21%
2006 18.90% 18.56% 20.71%

Renter Fraction in Jefferson County Arkansas

You can calculate the renter fraction in Jefferson 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 Jefferson County as a fraction of total Jefferson County households. In 2017 34.17% of households were renters according to Census ACS data.

Jefferson 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%
Jefferson County AR 34.17% -6.71% -2.01%

Trends in the Jefferson County AR Renter Fraction

The Jefferson County household renter fraction peaked in in 2016 at 40.88% and is now 6.71% below that level. The origin year for the series is 2005.

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

Fraction of renters in Jefferson County

History of Jefferson County Renter Fraction

Date US Arkansas Jefferson County AR
2017 36.13% 34.75% 34.17%
2016 36.88% 35.45% 40.88%
2015 36.97% 34.83% 38.15%
2014 36.90% 34.21% 36.18%
2013 36.50% 34.28% 36.05%
2012 36.09% 33.76% 37.26%
2011 35.42% 33.40% 34.63%
2010 34.65% 32.59% 38.43%
2009 34.13% 33.96% 36.24%
2008 33.36% 32.62% 34.24%
2007 32.80% 32.27% 38.39%
2006 32.73% 31.72% 35.18%

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.