2015-19 | |
---|---|
Arkansas County | 1.9 |
Ashley County | 1.7 |
Baxter County | 3.2 |
Benton County | 2.8 |
Boone County | 2.7 |
Bowie County, Texas | 2.4 |
Bradley County | 2.1 |
Calhoun County | 1.5 |
Carroll County | 3.0 |
Chicot County | 2.0 |
Clark County | 2.7 |
Clay County | 2.1 |
Cleburne County | 2.9 |
Cleveland County | 2.1 |
Columbia County | 2.3 |
Conway County | 2.5 |
Craighead County | 3.0 |
Crawford County | 2.5 |
Crittenden County | 2.9 |
Cross County | 1.8 |
Dallas County | 1.8 |
Desha County | 2.2 |
Drew County | 2.1 |
Faulkner County | 3.1 |
Franklin County | 2.6 |
Fulton County | 2.4 |
Garland County | 3.1 |
Grant County | 2.2 |
Greene County | 2.5 |
Hempstead County | 1.9 |
Hot Spring County | 2.2 |
Howard County | 2.7 |
Independence County | 2.2 |
Izard County | 1.9 |
Jackson County | 2.0 |
Jefferson County | 2.1 |
Johnson County | 2.7 |
Lafayette County | 2.0 |
Lawrence County | 1.9 |
Lee County | 2.5 |
Lincoln County | 1.6 |
Little River County | 1.7 |
Logan County | 2.4 |
Lonoke County | 2.4 |
Madison County | 2.9 |
Marion County | 3.3 |
Miller County | 2.5 |
Mississippi County | 2.1 |
Monroe County | 1.6 |
Montgomery County | 2.9 |
Nevada County | 1.7 |
Newton County | 3.0 |
Ouachita County | 2.1 |
Perry County | 2.2 |
Phillips County | 2.4 |
Pike County | 2.1 |
Poinsett County | 1.9 |
Polk County | 2.6 |
Pope County | 2.9 |
Prairie County | 1.6 |
Pulaski County | 3.0 |
Randolph County | 2.3 |
Saline County | 2.4 |
Scott County | 2.1 |
Searcy County | 2.8 |
Sebastian County | 2.7 |
Sevier County | 1.8 |
Sharp County | 2.3 |
St. Francis County | 1.8 |
Stone County | 3.2 |
Union County | 1.9 |
Van Buren County | 2.6 |
Washington County | 3.4 |
White County | 2.7 |
Woodruff County | 2.0 |
Yell County | 2.5 |
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%.
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.
2000 | 2010-14 | 2015-19 | |
---|---|---|---|
Arkansas | 2.1 | 2.6 | 2.7 |
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%.
Female | Male | |
---|---|---|
Arkansas | 2.6 | 2.4 |
INDICATORS | TREND | STATE |
---|---|
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 |