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.

In 2018-22, the state's housing affordability ratio was 2.9, up from 2.6 in 2008-12 but lower than the national ratio of 3.8. This makes Arkansas 9th in the nation for this indicator including all 50 states and D.C. This did not vary substantially across racial and ethnic groups, with the ratio for Black and African American households (2.7) only slightly higher than the ratio for Hispanic and White Households (both 2.5). The ratio only differed slightly by gender with the ratio at 2.7 for females and 2.5 for males.

Within the state, 14 counties had ratios of 3.0 or higher. Homes were the least affordable in Stone and Washington counties with ratios of 4.1 and 3.8 respectively. Homes were most affordable in Calhoun County at 1.4.

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.

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.