Families
Cost of Homeownership
Source: U.S. Census Bureau
Cost of Home Ownership
2015-19
Arkansas County1.9
Ashley County1.7
Baxter County3.2
Benton County2.8
Boone County2.7
Bowie County, Texas2.4
Bradley County2.1
Calhoun County1.5
Carroll County3.0
Chicot County2.0
Clark County2.7
Clay County2.1
Cleburne County2.9
Cleveland County2.1
Columbia County2.3
Conway County2.5
Craighead County3.0
Crawford County2.5
Crittenden County2.9
Cross County1.8
Dallas County1.8
Desha County2.2
Drew County2.1
Faulkner County3.1
Franklin County2.6
Fulton County2.4
Garland County3.1
Grant County2.2
Greene County2.5
Hempstead County1.9
Hot Spring County2.2
Howard County2.7
Independence County2.2
Izard County1.9
Jackson County2.0
Jefferson County2.1
Johnson County2.7
Lafayette County2.0
Lawrence County1.9
Lee County2.5
Lincoln County1.6
Little River County1.7
Logan County2.4
Lonoke County2.4
Madison County2.9
Marion County3.3
Miller County2.5
Mississippi County2.1
Monroe County1.6
Montgomery County2.9
Nevada County1.7
Newton County3.0
Ouachita County2.1
Perry County2.2
Phillips County2.4
Pike County2.1
Poinsett County1.9
Polk County2.6
Pope County2.9
Prairie County1.6
Pulaski County3.0
Randolph County2.3
Saline County2.4
Scott County2.1
Searcy County2.8
Sebastian County2.7
Sevier County1.8
Sharp County2.3
St. Francis County1.8
Stone County3.2
Union County1.9
Van Buren County2.6
Washington County3.4
White County2.7
Woodruff County2.0
Yell County2.5

Source: U.S. Census Bureau
Notes: Ratio of median home value to median household income. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.







NATIONAL RANKING
9

OUT OF 51
2015-19

STATE TREND

Maintaining


2.7

2015-19

What does this measure?

The median home value divided by the median household income, adjusted for inflation.

Why is this important?

The ratio provides a rough estimate of the affordability of homes in a community. A ratio less than 2 or 3 is generally considered affordable.

How is Arkansas doing?

In 2015-19, the state's housing affordability ratio was 2.7, up from 2.1 in 2000 but less than the national ratio of 3.5. This makes Arkansas 9th in the nation for this indicator. This did not vary substantially across racial and ethnic groups, nor by gender. Within the state, homes were the least affordable in Washington County (with a ratio of 3.4) and Marion County, (3.3), and most affordable in Calhoun County at 1.5.

What contributes to racial and ethnic disparities?

Historic and current policies and systems, from racist housing policies to employment discrimination to education systems that fail to equitably serve all populations, have prevented people of color from fully participating in our economy, locking them out of economic opportunity. This has resulted in lower incomes for people of color, which means housing costs are a greater burden.

Notes about the data

The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined 5 years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. CGR has noted on data tables the estimates with relatively large margins of error. Estimates with 3 asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator is expected to be released annually in December.




Source: U.S. Census Bureau


Cost of Home Ownership
20002010-142015-19
Arkansas2.12.62.7

Source: U.S. Census Bureau
Notes: Ratio of median home value to median household income. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.






Source: U.S. Census Bureau


Cost of Home Ownership by Gender
FemaleMale
Arkansas2.62.4

Source: U.S. Census Bureau









INDICATORS TREND | STATE
Access to Quality Seats for Infants and Toddlers Increasing
Access to Quality Childcare Seats for Preschoolers Maintaining
Grade 3 Reading Decreasing
Grade 8 Math Maintaining
Graduation Rate Increasing
Remediation Rate Decreasing
Adults with a High School Degree Increasing
Adults with a Bachelor's Degree or Higher Increasing
Adults Pursuing Further Education Decreasing
Imagination Libraries Increasing
Infant Mortality Maintaining
Early Prenatal Care Increasing
Overweight or Obese Students Increasing
Student Drug Usage Decreasing
Overweight or Obese Adults Increasing
Physically Inactive Adults Maintaining
Smoking Rate Decreasing
Flouridated Water Increasing
Insurance Coverage Rates Increasing
Oral Health Increasing
Life Expectancy Decreasing
Routine Check-ups Increasing
Births to Teens Decreasing
Female-headed Households Increasing
Children Living in Poverty Increasing
People Living in Poverty Increasing
Elderly Living in Poverty Decreasing
Median Household Income Maintaining
Unemployment Rate Increasing
Homeownership Rate Decreasing
Child Abuse and Neglect Decreasing
Access to Financial Services Decreasing
Food Insecurity Decreasing
Incarceration Rate Increasing
Homelessness Decreasing
Change in Total Jobs Increasing
Cost of Homeownership Maintaining
Cost of Rent Increasing
Households Below ALICE Threshold Not Applicable
Child Care Costs for Toddlers Not Applicable
Medical Debt Not Applicable
Voter Participation Rate Decreasing
Charitable Giving Increasing
Volunteering Increasing
Group Participation Increasing
Connection to Neighbors Decreasing
Local Voting Not Applicable
Change in Population Increasing
Change in Population by Race/Ethnicity Not Applicable
Change in Population by Age Not Applicable
Adults with a High School Degree Increasing
Adults with a Bachelor's Degree or Higher Increasing
Life Expectancy Decreasing
Female-headed Households Increasing
Children Living in Poverty Increasing
People Living in Poverty Increasing
Elderly Living in Poverty Decreasing
Median Household Income Maintaining
Unemployment Rate Increasing
Homeownership Rate Decreasing
Child Abuse and Neglect Decreasing
Incarceration Rate Increasing
Medical Debt Not Applicable
Change in Population by Race/Ethnicity Not Applicable


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