Department of Numbers

Sebastian County Arkansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Sebastian County AR was $621 in 2017 according to the Census ACS survey.1 Average gross rent in Sebastian County was $667 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 Sebastian County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Sebastian 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%
Sebastian County AR Median Gross Rent $621 -10.39% -4.02%

Sebastian County AR Real Gross Rent Trends

Median gross rent for Sebastian County peaked in real terms in 2016 at $693 and is now $72 (10.39%) lower. Average gross rent for Sebastian County peaked in real terms in 2006 at $693 and is now $26 (3.75%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sebastian County

Date US
Median
Arkansas
Median
Sebastian County AR
Median
Sebastian County AR
Average
2017 $1,012 $711 $621 $667
2016 $996 $712 $693 $656
2015 $987 $715 $648 $656
2014 $956 $699 $647 $619
2013 $924 $673 $649 $655
2012 $912 $660 $608 $627
2011 $912 $669 $643 $639
2010 $927 $691 $661 $639
2009 $931 $670 $618 $672
2008 $947 $696 $647 $693
2007 $899 $653 $597 $613
2006 $909 $674 $663 $693

Sebastian County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Sebastian County Arkansas was 5.36% according to Census ACS data.

Rental Vacancy Rate in Sebastian County Arkansas

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

Trends in Sebastian County AR Rental Vacancy Rate

The rental vacancy rate in Sebastian County peaked in 2008 at 14.18%. Since then it has fallen by 8.82% to 5.36%. Data records for this series originated in 2005.

Rental Vacancy Rate: Sebastian County AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Sebastian County

Date US Arkansas Sebastian County AR
2017 6.18% 8.22%
2016 5.89% 8.06%
2015 5.85% 8.50%
2014 6.32% 9.60%
2013 6.49% 9.66% 5.36%
2012 6.77% 9.13% 9.41%
2011 7.40% 10.00% 13.67%
2010 8.17% 10.46%
2009 8.43% 10.48% 9.61%
2008 7.86% 9.53% 14.18%
2007 7.87% 8.73% 5.30%
2006 7.70% 8.03% 7.90%

Rent as a Fraction of Income

Using median household income data for Sebastian County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sebastian County, median monthly gross rent as a fraction of median household income was 17.78% in 2017 according to the ACS.

Sebastian 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%
Sebastian County AR 17.78% -1.68% -1.96%

Trends in Sebastian County AR Rent as a Fraction of Income

The fraction of median Sebastian County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.64%. Since then it has fallen by 2.86% to 17.78%.

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

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

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

Date US Arkansas Sebastian County AR
2017 20.13% 18.60% 17.78%
2016 20.43% 18.97% 19.46%
2015 20.63% 19.86% 18.69%
2014 20.89% 19.86% 19.74%
2013 20.78% 19.52% 18.56%
2012 20.65% 19.15% 18.93%
2011 20.70% 19.78% 20.64%
2010 20.50% 19.99% 19.22%
2009 20.12% 19.23% 17.27%
2008 19.00% 18.74% 17.40%
2007 18.66% 18.03% 15.75%
2006 18.90% 18.56% 18.61%

Renter Fraction in Sebastian County Arkansas

You can calculate the renter fraction in Sebastian 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 Sebastian County as a fraction of total Sebastian County households. In 2017 41.55% of households were renters according to Census ACS data.

Sebastian 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%
Sebastian County AR 41.55% -0.07% +6.88%

Trends in the Sebastian County AR Renter Fraction

The Sebastian County household renter fraction peaked in in 2016 at 41.62% and is now 0.07% below that level. The origin year for the series is 2005.

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

Fraction of renters in Sebastian County

History of Sebastian County Renter Fraction

Date US Arkansas Sebastian County AR
2017 36.13% 34.75% 41.55%
2016 36.88% 35.45% 41.62%
2015 36.97% 34.83% 40.49%
2014 36.90% 34.21% 34.67%
2013 36.50% 34.28% 41.54%
2012 36.09% 33.76% 39.76%
2011 35.42% 33.40% 38.30%
2010 34.65% 32.59% 35.09%
2009 34.13% 33.96% 34.46%
2008 33.36% 32.62% 34.55%
2007 32.80% 32.27% 40.59%
2006 32.73% 31.72% 36.67%

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.