Department of Numbers

Pine Bluff Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Pine Bluff, AR (the Pine Bluff metro area) was $689 in 2016 according to the Census ACS survey.1 Average gross rent in Pine Bluff was $612 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Pine Bluff median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Pine Bluff Arkansas (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Arkansas Median Gross Rent $701 -0.43% +5.73%
Pine Bluff, AR Median Gross Rent $689 -1.15% +6.99%

Pine Bluff, AR Real Gross Rent Trends

Median gross rent for Pine Bluff peaked in real terms in 2008 at $714 and is now $25 (3.50%) lower. From a recent low of 616.0 in 2014, real median gross rent has now increased by $73 (11.85%). Average gross rent for Pine Bluff peaked in real terms in 2008 at $630 and is now $18 (2.86%) lower. From a recent low of 543.0 in 2009, real average gross rent has now increased by $69 (12.71%).

Real Gross Rent in Pine Bluff: Pine Bluff AR Median, Pine Bluff AR Average, Arkansas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pine Bluff

Date US
Median
Arkansas
Median
Pine Bluff, AR
Median
Pine Bluff, AR
Average
2016 $981 $701 $689 $612
2015 $972 $704 $697 $606
2014 $942 $689 $616 $559
2013 $910 $663 $644 $579
2012 $898 $650 $655 $584
2011 $898 $659 $636 $552
2010 $912 $681 $656 $605
2009 $916 $660 $619 $543
2008 $932 $685 $714 $630
2007 $885 $643 $643 $588
2006 $895 $664 $666 $609
2005 $869 $655 $670 $548

Pine Bluff 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 Pine Bluff Arkansas was 3.21% according to Census ACS data.

Rental Vacancy Rate in Pine Bluff Arkansas

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Arkansas 8.06% -0.44% -1.60%
Pine Bluff, AR 3.21% -10.50% -3.14%

Trends in Pine Bluff, AR Rental Vacancy Rate

The rental vacancy rate in Pine Bluff peaked in 2015 at 13.71%. Since then it has fallen by 10.50% to 3.21%. Data records for this series originated in 2005.

Rental Vacancy Rate: Pine Bluff AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Pine Bluff

Date US Arkansas Pine Bluff, AR
2016 5.89% 8.06% 3.21%
2015 5.85% 8.50% 13.71%
2014 6.32% 9.60%
2013 6.49% 9.66% 6.35%
2012 6.77% 9.13% 6.60%
2011 7.40% 10.00% 8.68%
2010 8.17% 10.46% 5.74%
2009 8.43% 10.48%
2008 7.86% 9.53%
2007 7.87% 8.73% 8.85%
2006 7.70% 8.03%
2005 7.74% 9.52% 8.69%

Rent as a Fraction of Income

Using median household income data for Pine Bluff, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pine Bluff, median monthly gross rent as a fraction of median household income was 22.30% in 2016 according to the ACS.

Pine Bluff Arkansas Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Arkansas 18.97% -0.89% -0.55%
Pine Bluff, AR 22.30% -0.30% +0.15%

Trends in Pine Bluff, AR Rent as a Fraction of Income

The fraction of median Pine Bluff household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.60%. Since then it has fallen by 0.30% to 22.30%.

Fraction of Income towards Rent: Pine Bluff AR, Arkansas, US

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

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

Date US Arkansas Pine Bluff, AR
2016 20.43% 18.97% 22.30%
2015 20.63% 19.86% 22.60%
2014 20.89% 19.86% 21.67%
2013 20.78% 19.52% 22.15%
2012 20.65% 19.15% 21.42%
2011 20.70% 19.78% 18.98%
2010 20.50% 19.99% 22.07%
2009 20.12% 19.23% 20.55%
2008 19.00% 18.74% 20.21%
2007 18.66% 18.03% 20.10%
2006 18.90% 18.56% 19.30%
2005 18.89% 18.82% 21.14%

Renter Fraction in Pine Bluff Arkansas

You can calculate the renter fraction in Pine Bluff 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 Pine Bluff as a fraction of total Pine Bluff households. In 2016 37.32% of households were renters according to Census ACS data.

Pine Bluff Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Arkansas 35.45% +0.62% +1.17%
Pine Bluff, AR 37.32% +2.10% +3.77%

Trends in the Pine Bluff, AR Renter Fraction

The Pine Bluff household renter fraction peaked in in 2007 at 37.72% and is now 0.40% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Pine Bluff AR, Arkansas, US

Fraction of renters in Pine Bluff

History of Pine Bluff Renter Fraction

Date US Arkansas Pine Bluff, AR
2016 36.88% 35.45% 37.32%
2015 36.97% 34.83% 35.22%
2014 36.90% 34.21% 34.38%
2013 36.50% 34.28% 33.55%
2012 36.09% 33.76% 35.13%
2011 35.42% 33.40% 32.87%
2010 34.65% 32.59% 36.75%
2009 34.13% 33.96% 35.69%
2008 33.36% 32.62% 32.41%
2007 32.80% 32.27% 37.72%
2006 32.73% 31.72% 32.20%
2005 33.10% 32.25% 34.47%

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.