Arkansas Real Estate
According to census data in the year 2000 there were 1,173,043 housing units in Arkansas.
This represents a 17.2% from 1,000,667 in 1990.
Of those housing units, 609,188 were located in either urbanized areas or urban clusters, and 563,855 were located in what is classified as a rural area.
Homeownership rate in Arkansas is about 69.4%.
Arkansas's vacancy rate, including seasonal lodging, is about 11.1%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Arkansas were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.4% |
| One Bedroom | 9.3% |
| Two Bedrooms | 31.7% |
| Three Bedrooms | 47.6% |
| Four Bedrooms | 8.7% |
| Five Bedrooms or more | 1.3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $72,800 |
| Median Price asked for vacant units | $53,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $328 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 4.4% |
| Home Equity Loan | 3.2% |
| Simple Mortgage | 53.1% |
| Debt Free | 39.2% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
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