Sebastian County Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Sebastian County AR was $728 in 2019 according to the Census ACS survey.1 Average gross rent in Sebastian County was $736 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Sebastian County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Sebastian County Arkansas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Arkansas Median Gross Rent | $742 | -0.27% | +1.09% |
| Sebastian County AR Median Gross Rent | $728 | +4.60% | +1.96% |
Sebastian County AR Real Gross Rent Trends
At $728, real median gross rent in Sebastian County was at its highest level in 2019 since the series began in 2005. At $736, real average gross rent in Sebastian County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Sebastian County AR Median, Sebastian County AR Average, Arkansas Median, US Median
Real Gross Rent History for Sebastian County
| Date | US Median |
Arkansas Median |
Sebastian County AR Median |
Sebastian County AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $728 | $736 |
| 2018 | $1,077 | $744 | $696 | $705 |
| 2017 | $1,043 | $733 | $640 | $688 |
| 2016 | $1,027 | $734 | $714 | $676 |
| 2015 | $1,017 | $737 | $668 | $677 |
| 2014 | $986 | $721 | $667 | $639 |
| 2013 | $953 | $694 | $669 | $675 |
| 2012 | $940 | $681 | $627 | $647 |
| 2011 | $941 | $690 | $663 | $659 |
| 2010 | $955 | $713 | $682 | $659 |
| 2009 | $960 | $691 | $637 | $693 |
| 2007 | $927 | $673 | $616 | $632 |
| 2005 | $910 | $686 | $601 | $594 |
Sebastian County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Sebastian County Arkansas was 4.28% according to Census ACS data.
Rental Vacancy Rate in Sebastian County Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| 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 9.90% to 4.28%. Data records for this series originated in 2005.
Rental Vacancy Rate: Sebastian County AR, Arkansas, US
Historical Rental Vacancy Rate data for Sebastian County
| Date | US | Arkansas | Sebastian County AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | — |
| 2018 | 6.15% | 8.35% | 4.28% |
| 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% |
| 2007 | 7.87% | 8.73% | 5.30% |
| 2005 | 7.74% | 9.52% | 5.77% |
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 17.89% in 2019 according to the ACS.
Sebastian County Arkansas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Arkansas | 18.19% | -0.45% | -0.78% |
| Sebastian County AR | 17.89% | +0.36% | -1.57% |
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 2.75% to 17.89%.
Fraction of Income towards Rent: Sebastian County AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Sebastian County Arkansas
| Date | US | Arkansas | Sebastian County AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 17.89% |
| 2018 | 20.50% | 18.64% | 17.53% |
| 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% |
| 2007 | 18.66% | 18.03% | 15.75% |
| 2005 | 18.89% | 18.82% | 17.01% |
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 2019 43.07% of households were renters according to Census ACS data.
Sebastian County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Arkansas | 34.53% | +0.29% | -0.92% |
| Sebastian County AR | 43.07% | +1.53% | +1.45% |
Trends in the Sebastian County AR Renter Fraction
At 43.07%, the 2019 household based renter fraction in Sebastian County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Sebastian County AR, Arkansas, US
History of Sebastian County Renter Fraction
| Date | US | Arkansas | Sebastian County AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 43.07% |
| 2018 | 36.05% | 34.24% | 41.54% |
| 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% |
| 2007 | 32.80% | 32.27% | 40.59% |
| 2005 | 33.10% | 32.25% | 38.09% |
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. ↩
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