Families
Housing Affordability - Owning
Source: U.S. Census Bureau
Housing Affordability - Owning
2012-16
Arkansas County1.7
Ashley County1.6
Baxter County3.0
Benton County2.2
Boone County2.6
Bowie County, Texas1.9
Bradley County1.6
Calhoun County1.7
Carroll County2.9
Chicot County1.7
Clark County1.8
Clay County1.7
Cleburne County2.5
Cleveland County1.8
Columbia County1.5
Conway County2.1
Craighead County2.1
Crawford County2.3
Crittenden County1.8
Cross County1.7
Dallas County1.4
Desha County1.4
Drew County1.9
Faulkner County2.2
Franklin County2.1
Fulton County2.0
Garland County2.6
Grant County2.1
Greene County2.0
Hempstead County1.8
Hot Spring County1.7
Howard County2.0
Independence County2.0
Izard County1.9
Jackson County1.6
Jefferson County1.8
Johnson County2.3
Lafayette County1.7
Lawrence County1.7
Lee County1.7
Lincoln County1.5
Little River County1.6
Logan County2.1
Lonoke County2.0
Madison County2.1
Marion County2.8
Miller County2.0
Mississippi County1.7
Monroe County1.3
Montgomery County2.3
Nevada County1.6
Newton County2.3
Ouachita County1.7
Perry County1.7
Phillips County1.4
Pike County1.8
Poinsett County1.8
Polk County2.3
Pope County2.4
Prairie County1.6
Pulaski County2.2
Randolph County1.8
Saline County2.2
Scott County1.8
Searcy County2.0
Sebastian County2.1
Sevier County1.5
Sharp County2.1
St. Francis County1.5
Stone County3.0
Union County1.6
Van Buren County2.2
Washington County2.4
White County2.1
Woodruff County1.6
Yell County2.2

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
12

OUT OF 51
2012-16

STATE TREND

Maintaining


2.2

2012-16

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 2012-16, the state's housing affordability ratio was 2.7, up from 2.1 in 2000 but less than the national ratio of 3.3. This makes Arkansas 12th in the nation for this indicator. This did not vary across racial and ethnic groups. Within the state, homes were the least affordable in Washington and Stone counties, with ratios of 3.5 and 3.4, and most affordable in Dallas County at 1.7.

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
20002007-112012-16
Arkansas1.82.12.2

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
Arkansas2.52.62.42.44.02.22.72.4

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 Increasing
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 Not Applicable
Food Insecurity Decreasing
Incarceration Rate Increasing
Homelessness Decreasing
Change in Total Jobs Increasing
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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