Families
Housing Affordability - Owning
Source: U.S. Census Bureau
Housing Affordability - Owning
2013-17
Arkansas County2.1
Ashley County1.9
Baxter County3.1
Benton County2.7
Boone County2.9
Bowie County, Texas2.4
Bradley County2.0
Calhoun County1.9
Carroll County3.1
Chicot County1.9
Clark County2.6
Clay County2.2
Cleburne County3.0
Cleveland County1.9
Columbia County2.1
Conway County2.5
Craighead County2.9
Crawford County2.6
Crittenden County2.8
Cross County1.9
Dallas County1.8
Desha County2.1
Drew County2.6
Faulkner County3.1
Franklin County2.3
Fulton County2.5**
Garland County3.2
Grant County2.5
Greene County2.4
Hempstead County2.0
Hot Spring County2.2
Howard County2.7
Independence County2.6
Izard County2.0
Jackson County1.9
Jefferson County2.2
Johnson County2.7
Lafayette County2.0
Lawrence County2.1
Lee County2.4
Lincoln County1.7
Little River County2.0
Logan County2.4
Lonoke County2.4
Madison County2.5
Marion County3.2
Miller County2.6
Mississippi County2.2
Monroe County1.7
Montgomery County2.7
Nevada County1.7
Newton County2.4
Ouachita County2.1
Perry County2.1
Phillips County2.5
Pike County2.1
Poinsett County2.1
Polk County2.6
Pope County3.1
Prairie County1.6
Pulaski County3.0
Randolph County2.3
Saline County2.5
Scott County1.9
Searcy County2.4
Sebastian County2.9
Sevier County1.7
Sharp County2.5
St. Francis County1.9
Stone County3.2
Union County1.9
Van Buren County2.9
Washington County3.4
White County2.6
Woodruff County2.1
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
11

OUT OF 51
2013-17

STATE TREND

Maintaining


2.7

2013-17

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 2013-17, the state's housing affordability ratio was 2.7, up from 2.1 in 2000 but less than the national ratio of 3.4. This makes Arkansas 11th 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 Stone, Marion and Garland counties, (3.2), and most affordable in Prairie County at 1.6.

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


Housing Affordability - Owning
20002008-122013-17
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


Housing Affordability - Owning by Race/Ethnicity
American Indian and Native AlaskanAsianBlack or African/AmericanHispanicNative Hawaiian and Other Pacific IslanderSome Other RaceTwo or More RacesWhite
Arkansas2.22.11.72.11.91.92.02.0

Source: U.S. Census Bureau
Notes: 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
Grade 3 Reading Increasing
Grade 8 Math Increasing
Graduation Rate Increasing
Remediation Rate Decreasing
Adults with a High School Degree Increasing
Adults with a Bachelor's Degree or Higher Increasing
Infant Mortality Decreasing
Early Prenatal Care Increasing
Overweight or Obese Students Maintaining
Student Drug Usage Decreasing
Overweight or Obese Adults Increasing
Physically Inactive Adults Increasing
Smoking Rate Decreasing
Flouridated Water Increasing
Insurance Coverage Rates Increasing
Oral Health Increasing
Life Expectancy Increasing
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 Maintaining
Homeownership Rate Decreasing
Child Abuse and Neglect Decreasing
Access to Financial Services Maintaining
Food Insecurity Decreasing
Incarceration Rate Increasing
Homelessness Decreasing
Change in Total Jobs Maintaining
Housing Affordability - Owning Maintaining
Housing Affordability - Renting Increasing
Voter Participation Rate Increasing
Charitable Giving Maintaining
Volunteering Decreasing
Group Participation Increasing
Connection to Neighbors Decreasing
Local Voting Decreasing
Change in Population Increasing
Change in Population by Race/Ethnicity Not Applicable
Change in Population by Age Not Applicable


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