Department of Numbers

Pulaski County Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Pulaski County AR was $834 in 2017 according to the Census ACS survey.1 Average gross rent in Pulaski County was $856 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 Pulaski County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Pulaski 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%
Pulaski County AR Median Gross Rent $834 +1.09% +4.91%

Pulaski County AR Real Gross Rent Trends

Median gross rent for Pulaski County peaked in real terms in 2015 at $850 and is now $16 (1.88%) lower. At $856, real average gross rent in Pulaski County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pulaski County

Date US
Median
Arkansas
Median
Pulaski County AR
Median
Pulaski County AR
Average
2017 $1,012 $711 $834 $856
2016 $996 $712 $825 $837
2015 $987 $715 $850 $843
2014 $956 $699 $795 $794
2013 $924 $673 $790 $793
2012 $912 $660 $745 $756
2011 $912 $669 $776 $782
2010 $927 $691 $823 $824
2009 $931 $670 $772 $772
2008 $947 $696 $841 $832
2007 $899 $653 $790 $769
2006 $909 $674 $801 $771

Pulaski 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 Pulaski County Arkansas was 13.39% according to Census ACS data.

Rental Vacancy Rate in Pulaski County Arkansas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arkansas 8.22% +0.16% -1.38%
Pulaski County AR 13.39% +2.23% -2.51%

Trends in Pulaski County AR Rental Vacancy Rate

The rental vacancy rate in Pulaski County peaked in 2013 at 19.27%. Since then it has fallen by 5.88% to 13.39%. Data records for this series originated in 2005.

Rental Vacancy Rate: Pulaski County AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Pulaski County

Date US Arkansas Pulaski County AR
2017 6.18% 8.22% 13.39%
2016 5.89% 8.06% 11.16%
2015 5.85% 8.50% 14.39%
2014 6.32% 9.60% 15.90%
2013 6.49% 9.66% 19.27%
2012 6.77% 9.13% 14.88%
2011 7.40% 10.00% 16.43%
2010 8.17% 10.46% 10.75%
2009 8.43% 10.48% 12.28%
2008 7.86% 9.53% 9.60%
2007 7.87% 8.73% 14.82%
2006 7.70% 8.03% 8.45%

Rent as a Fraction of Income

Using median household income data for Pulaski County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pulaski County, median monthly gross rent as a fraction of median household income was 19.08% in 2017 according to the ACS.

Pulaski 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%
Pulaski County AR 19.08% -1.48% -1.68%

Trends in Pulaski County AR Rent as a Fraction of Income

The fraction of median Pulaski County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 21.52%. Since then it has fallen by 2.43% to 19.08%.

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

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

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

Date US Arkansas Pulaski County AR
2017 20.13% 18.60% 19.08%
2016 20.43% 18.97% 20.56%
2015 20.63% 19.86% 21.52%
2014 20.89% 19.86% 20.76%
2013 20.78% 19.52% 20.03%
2012 20.65% 19.15% 19.50%
2011 20.70% 19.78% 20.46%
2010 20.50% 19.99% 20.48%
2009 20.12% 19.23% 20.14%
2008 19.00% 18.74% 19.53%
2007 18.66% 18.03% 18.58%
2006 18.90% 18.56% 18.65%

Renter Fraction in Pulaski County Arkansas

You can calculate the renter fraction in Pulaski 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 Pulaski County as a fraction of total Pulaski County households. In 2017 41.64% of households were renters according to Census ACS data.

Pulaski 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%
Pulaski County AR 41.64% -2.21% +0.06%

Trends in the Pulaski County AR Renter Fraction

The Pulaski County household renter fraction peaked in in 2016 at 43.85% and is now 2.21% below that level. The origin year for the series is 2005.

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

Fraction of renters in Pulaski County

History of Pulaski County Renter Fraction

Date US Arkansas Pulaski County AR
2017 36.13% 34.75% 41.64%
2016 36.88% 35.45% 43.85%
2015 36.97% 34.83% 42.48%
2014 36.90% 34.21% 41.58%
2013 36.50% 34.28% 38.90%
2012 36.09% 33.76% 39.77%
2011 35.42% 33.40% 38.33%
2010 34.65% 32.59% 41.11%
2009 34.13% 33.96% 41.61%
2008 33.36% 32.62% 39.42%
2007 32.80% 32.27% 35.89%
2006 32.73% 31.72% 38.59%

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.