Department of Numbers

Lonoke County Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Lonoke County AR was $774 in 2017 according to the Census ACS survey.1 Average gross rent in Lonoke County was $729 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 Lonoke County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lonoke 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%
Lonoke County AR Median Gross Rent $774 -5.15% +1.71%

Lonoke County AR Real Gross Rent Trends

Median gross rent for Lonoke County peaked in real terms in 2016 at $816 and is now $42 (5.15%) lower. Average gross rent for Lonoke County peaked in real terms in 2015 at $774 and is now $45 (5.81%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lonoke County

Date US
Median
Arkansas
Median
Lonoke County AR
Median
Lonoke County AR
Average
2017 $1,012 $711 $774 $729
2016 $996 $712 $816 $682
2015 $987 $715 $750 $774
2014 $956 $699 $761 $681
2013 $924 $673 $715 $690
2012 $912 $660 $704 $670
2011 $912 $669 $668 $612
2010 $927 $691 $729 $701
2009 $931 $670 $696 $704
2008 $947 $696 $771 $729
2007 $899 $653
2006 $909 $674

Lonoke County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Lonoke County Arkansas was 10.37% according to Census ACS data.

Rental Vacancy Rate in Lonoke County Arkansas

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

Trends in Lonoke County AR Rental Vacancy Rate

At 10.37%, Lonoke County residential rental vacancy rate in 2016 is at the highest point since 2008, the beginning of our reporting for this series.

Rental Vacancy Rate: Lonoke County AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Lonoke County

Date US Arkansas Lonoke County AR
2017 6.18% 8.22%
2016 5.89% 8.06% 10.37%
2015 5.85% 8.50% 8.56%
2014 6.32% 9.60% 3.79%
2013 6.49% 9.66%
2012 6.77% 9.13% 5.80%
2011 7.40% 10.00%
2010 8.17% 10.46%
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 Lonoke County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lonoke County, median monthly gross rent as a fraction of median household income was 17.92% in 2017 according to the ACS.

Lonoke 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%
Lonoke County AR 17.92% +0.64% +1.57%

Trends in Lonoke County AR Rent as a Fraction of Income

Lonoke County renters paid 17.92% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2008.

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

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

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

Date US Arkansas Lonoke County AR
2017 20.13% 18.60% 17.92%
2016 20.43% 18.97% 17.28%
2015 20.63% 19.86% 15.38%
2014 20.89% 19.86% 16.35%
2013 20.78% 19.52% 14.83%
2012 20.65% 19.15% 16.02%
2011 20.70% 19.78% 15.90%
2010 20.50% 19.99% 16.36%
2009 20.12% 19.23% 14.48%
2008 19.00% 18.74% 16.55%
2007 18.66% 18.03%
2006 18.90% 18.56%

Renter Fraction in Lonoke County Arkansas

You can calculate the renter fraction in Lonoke 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 Lonoke County as a fraction of total Lonoke County households. In 2017 33.65% of households were renters according to Census ACS data.

Lonoke 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%
Lonoke County AR 33.65% +2.05% +2.38%

Trends in the Lonoke County AR Renter Fraction

At 33.65%, the 2017 household based renter fraction in Lonoke County was at its highest level. The origin year for the series is 2008.

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

Fraction of renters in Lonoke County

History of Lonoke County Renter Fraction

Date US Arkansas Lonoke County AR
2017 36.13% 34.75% 33.65%
2016 36.88% 35.45% 31.60%
2015 36.97% 34.83% 29.94%
2014 36.90% 34.21% 31.27%
2013 36.50% 34.28% 29.12%
2012 36.09% 33.76% 27.21%
2011 35.42% 33.40% 29.96%
2010 34.65% 32.59% 22.83%
2009 34.13% 33.96% 25.30%
2008 33.36% 32.62% 27.59%
2007 32.80% 32.27%
2006 32.73% 31.72%

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.