Families
Homeownership Rate
Source: U.S. Census Bureau
Homeownership Rate
2018-22
Arkansas County66%
Ashley County74%
Baxter County74%
Benton County68%
Boone County70%
Bowie County, Texas63%
Bradley County65%
Calhoun County86%
Carroll County76%
Chicot County68%
Clark County62%
Clay County73%
Cleburne County79%
Cleveland County84%
Columbia County72%
Conway County68%
Craighead County60%
Crawford County76%
Crittenden County56%
Cross County66%
Dallas County72%
Desha County63%
Drew County67%
Faulkner County62%
Franklin County74%
Fulton County85%
Garland County68%
Grant County80%
Greene County64%
Hempstead County68%
Hot Spring County79%
Howard County73%
Independence County69%
Izard County77%
Jackson County67%
Jefferson County63%
Johnson County70%
Lafayette County77%
Lawrence County67%
Lee County62%
Lincoln County79%
Little River County84%
Logan County74%
Lonoke County72%
Madison County80%
Marion County82%
Miller County66%
Mississippi County60%
Monroe County64%
Montgomery County80%
Nevada County67%
Newton County75%
Ouachita County74%
Perry County76%
Phillips County54%
Pike County75%
Poinsett County64%
Polk County80%
Pope County72%
Prairie County77%
Pulaski County58%
Randolph County73%
Saline County78%
Scott County74%
Searcy County73%
Sebastian County60%
Sevier County65%
Sharp County80%
St. Francis County54%
Stone County72%
Union County73%
Van Buren County79%
Washington County55%
White County66%
Woodruff County69%
Yell County69%

Source: U.S. Census Bureau
Notes: 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%.




Number of Owner-occupied Housing Units
2018-22
Arkansas County4,345
Ashley County5,347
Baxter County14,142
Benton County70,667
Boone County10,640
Bowie County, Texas21,675
Bradley County2,329
Calhoun County1,295
Carroll County8,682
Chicot County2,723
Clark County4,964
Clay County4,455
Cleburne County8,360
Cleveland County2,292
Columbia County5,660
Conway County5,742
Craighead County25,279
Crawford County17,171
Crittenden County10,443
Cross County4,348
Dallas County1,638
Desha County2,877
Drew County4,639
Faulkner County29,531
Franklin County4,940
Fulton County4,040
Garland County29,509
Grant County5,506
Greene County11,421
Hempstead County4,977
Hot Spring County9,360
Howard County3,792
Independence County10,006
Izard County3,747
Jackson County4,075
Jefferson County15,371
Johnson County6,967
Lafayette County1,960
Lawrence County4,274
Lee County1,601
Lincoln County2,655
Little River County3,971
Logan County6,229
Lonoke County19,977
Madison County4,987
Marion County5,866
Miller County10,517
Mississippi County9,027
Monroe County1,796
Montgomery County2,887
Nevada County2,103
Newton County2,172
Ouachita County6,239
Perry County2,903
Phillips County3,318
Pike County3,023
Poinsett County5,778
Polk County6,165
Pope County17,056
Prairie County2,562
Pulaski County97,554
Randolph County5,281
Saline County37,911
Scott County2,897
Searcy County2,161
Sebastian County31,168
Sevier County3,603
Sharp County5,537
St. Francis County4,395
Stone County3,421
Union County10,868
Van Buren County5,405
Washington County51,179
White County19,105
Woodruff County1,814
Yell County5,311

Source: U.S. Census Bureau
Notes: 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
34

OUT OF 51
2018-22

STATE TREND

Decreasing


66%

2018-22
1% = 11,717
Housing Units

What does this measure?

The percentage of all occupied housing units (not vacant) that are owner-occupied (not rented).

Why is this important?

Homeownership is an important factor for neighborhood stability and civic participation. A home is a vital financial asset for a family and an investment in both the local neighborhood and surrounding community.

How is Arkansas doing?

In 2018-22 the homeownership rate was 66%, down 1 percentage point from 2008-12 and 1 point higher than the national rate. This makes Arkansas 34th in the nation on this indicator. Rates varied across racial and ethnic groups: 72% for whites, compared to 44% for Blacks or African Americans and 53% for Hispanics. The rate for Hispanics increased 4 percentage points from 2008-12, while other major groups saw declines or remained the same. Within the state, rates ranged from 54% in Phillips and St. Francis Counties to 86% in Calhoun County.

What contributes to racial and ethnic disparities?

Disparities in homeownership are connected to racial inequities within systems beyond housing, including financial services, labor market and intergenerational wealth. Historic practices including redlining, exclusionary mortgage practices and restrictive covenants barring property from being owned by members of specific groups directly locked people out of homeownership. These had intergenerational effects when people of color were unable to benefit from wealth transfers of home equity as white homebuyers can. Since Black and Latino households generally have lower wages and wealth accumulation, they have less resources for down payments and higher debt to income ratios. With lower credit scores than other racial/ethnic groups, communities of color may be less likely to qualify for mortgages as underwriting standards increase. Many in the Black and Latino community may lack information about the home buying process and choose to stay renters. Discrimination during the home buying process also influences whether people of color buy a house. Researchers have found that during the search process, people of color were shown fewer houses and provided less information than whites.

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


Homeownership Rate
20002008-122013-172018-22
Arkansas69%67%66%66%
United States66%66%64%65%

Source: U.S. Census Bureau
Notes: 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%.




Number of Owner-occupied Housing Units
20002008-122013-172018-22
Arkansas723,458758,814752,633775,956
United States69,816,51375,484,66175,833,13581,497,760

Source: U.S. Census Bureau
Notes: 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


Homeownership Rate by Race/Ethnicity
American Indian and Native AlaskanAsianBlack or African AmericanHispanic or LatinoNative Hawaiian and Other Pacific IslanderSome Other RaceTwo or More RacesWhite
Arkansas62%55%44%53%12%****54%56%72%
Benton County59%**44%42%**57%11%******72%56%72%
Craighead County74%****44%****23%49%0%******49%****45%**68%
Crittenden County61%******61%**39%45%****0%******7%******55%**75%
Faulkner County44%******48%******36%48%**0%******39%******57%**67%
Jefferson County100%******47%******55%33%******0%******34%******69%**76%
Miller County78%******0%******36%56%****0%******52%******80%******78%
Mississippi County6%******46%******34%56%**0%******41%******54%****76%
Phillips County0%******0%******40%79%******0%******0%******70%******76%
Pulaski County50%**49%42%43%57%******43%**48%70%
Saline County93%******93%**66%61%**0%******76%****67%**80%
Sebastian County65%****76%26%**50%0%******48%44%**64%
St. Francis County86%******0%******42%32%******0%******81%******28%******73%
Union County100%******12%******56%76%****0%******51%******66%****82%

Source: U.S. Census Bureau
Notes: 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%. The Census Bureau asks people to identify their race (white, African-American, etc.) separate from their ethnicity (Hispanic or non-Hispanic). So the totals for these categories cannot be added together, as people show up in both a racial and ethnic group.




Number of Homeowners by Race/Ethnicity
American Indian and Native AlaskanAsianBlack or African AmericanHispanic or LatinoNative Hawaiian and Other Pacific IslanderSome Other RaceTwo or More RacesWhite
Arkansas3,5128,84977,07934,793284****13,36033,224639,648
Benton County597**1,950697**7,34643******2,1057,90357,372
Craighead County120****200****1,4587700******315****686**22,500
Crittenden County11******91**3,509171****0******2******604**6,226
Faulkner County40******161******1,957735**0******230******744**26,399
Jefferson County38******60******7,500140******0******54******321**7,398
Miller County113******0******1,530219****0******124******229******8,521
Mississippi County1******27******1,734286**0******74******316****6,875
Phillips County0******0******1,51515******0******0******91******1,712
Pulaski County270**1,71725,9483,08217******1,218**2,54765,837
Saline County96******518**2,7351,163**0******524****805**33,233
Sebastian County293****1,552830**2,7230******1,8511,201**25,441
St. Francis County12******0******1,788123******0******118******104******2,373
Union County44******13******2,731272****0******35******200****7,845

Source: U.S. Census Bureau
Notes: 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%. The Census Bureau asks people to identify their race (white, African-American, etc.) separate from their ethnicity (Hispanic or non-Hispanic). So the totals for these categories cannot be added together, as people show up in both a racial and ethnic group.









INDICATORS TREND | STATE
Education: Access to Quality Child Care for Infants and Toddlers Not Applicable
Education: Access to Quality Child Care for Preschoolers Not Applicable
Education: Grade 3 Reading Decreasing
Education: Grade 8 Math Maintaining
Education: Graduation Rate Increasing
Education: Remediation Rate Maintaining
Education: Adults with a High School Degree Increasing
Education: Adults with a Bachelor's Degree or Higher Increasing
Education: Adults Pursuing Further Education Decreasing
Education: Imagination Libraries Increasing
Health: Low Birth Weight Babies Not Applicable
Health: Early Prenatal Care Increasing
Health: Overweight or Obese Students Increasing
Health: Overweight or Obese Adults Increasing
Health: Physically Inactive Adults Maintaining
Health: Smoking Rate Decreasing
Health: Insurance Coverage Rates Increasing
Health: Oral Health Increasing
Health: Life Expectancy Decreasing
Health: Routine Check-ups Increasing
Health: Overdose Deaths Increasing
Families: Teen Births Decreasing
Families: Children Living in Poverty Maintaining
Families: People Living in Poverty Maintaining
Families: Elderly Living in Poverty Maintaining
Families: Median Household Income Maintaining
Families: Unemployment Rate Decreasing
Families: Homeownership Rate Decreasing
Families: Child Abuse and Neglect Decreasing
Families: Access to Financial Services Decreasing
Families: Food Insecurity Decreasing
Families: Food Deserts Not Applicable
Families: Homelessness Decreasing
Families: Change in Total Jobs Increasing
Families: Cost of Homeownership Maintaining
Families: Households Below ALICE Threshold Not Applicable
Families: Overall Housing Cost Burden Decreasing
Families: Child Care Costs for Toddlers Not Applicable
Families: Medical Debt Not Applicable
Families: Households Receiving SNAP Decreasing
Families: Incarceration Rate Increasing
Community: Voter Participation Rate Decreasing
Community: Charitable Giving Increasing
Community: Volunteering Increasing
Community: Group Participation Increasing
Community: Connection to Neighbors Decreasing
Community: Local Voting Not Applicable
Demographics: Change in Population Increasing
Demographics: Change in Population by Race/Ethnicity Not Applicable
Demographics: Change in Population by Age Not Applicable
Racial Equity: Remediation Rate Maintaining
Racial Equity: Adults with a High School Degree Increasing
Racial Equity: Adults with a Bachelor's Degree or Higher Increasing
Racial Equity: Adults Pursuing Further Education Decreasing
Racial Equity: Low Birth Weight Babies Not Applicable
Racial Equity: Early Prenatal Care Increasing
Racial Equity: Overweight or Obese Students Increasing
Racial Equity: Overweight or Obese Adults Increasing
Racial Equity: Physically Inactive Adults Maintaining
Racial Equity: Smoking Rate Decreasing
Racial Equity: Insurance Coverage Rates Increasing
Racial Equity: Oral Health Increasing
Racial Equity: Life Expectancy Decreasing
Racial Equity: Routine Check-ups Increasing
Racial Equity: Teen Births Decreasing
Racial Equity: Children Living in Poverty Maintaining
Racial Equity: People Living in Poverty Maintaining
Racial Equity: Elderly Living in Poverty Maintaining
Racial Equity: Median Household Income Maintaining
Racial Equity: Unemployment Rate Decreasing
Racial Equity: Homeownership Rate Decreasing
Racial Equity: Child Abuse and Neglect Decreasing
Racial Equity: Food Insecurity Decreasing
Racial Equity: Homelessness Decreasing
Racial Equity: Cost of Homeownership Maintaining
Racial Equity: Medical Debt Not Applicable
Racial Equity: Households Receiving SNAP Decreasing
Racial Equity: Incarceration Rate Increasing
Racial Equity: Change in Population by Race/Ethnicity Not Applicable








Loading...