Cost of Living in Carroll County, Arkansas

$818/mo

Median Monthly Rent

$186,300

Median Home Value

8% above state averageUnaffordable

At a Glance

Median Monthly Rent

$818/mo

8% above state average

Median Home Value

$186,300

34% below national

Rent-to-Income Ratio

28.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Carroll County Compares

Median monthly rent comparison

Carroll County$818/mo

Arkansas Average$760/mo

National Median$1,163/mo

Detailed Housing Stats

$818/mo

Median Gross Rent

$186,300

Median Home Value

$668/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Carroll County, Arkansas

Carroll County: Slightly Above State Norm

Carroll County's 17.8% rent-to-income ratio sits just below the state average of 18.1%, indicating modestly above-average affordability challenges despite moderate income of $55,187. Monthly rent of $818 claims a meaningful but manageable portion of household budgets.

Mid-Range Affordability in Arkansas

Carroll County ranks in the middle tier of Arkansas counties for housing affordability, with a 17.8% rent-to-income ratio and median rent of $818 slightly above state average. This positioning reflects a steady, non-speculative local housing market.

Higher Rents Offset by Better Home Values

Carroll County's $818 rent runs above Boone County ($715) and Arkansas County ($799), yet home values of $186,300 rank among the strongest in this group. This configuration favors renters considering homeownership over those already seeking rental accommodations.

Ownership More Attractive Than Renting

Renters pay $818 monthly while owners face just $668—a $150 monthly savings that tilts the rent-to-own equation firmly toward purchasing. With median income of $55,187, housing claims approximately 18% of earnings, requiring careful household budgeting but remaining sustainable.

Carroll County: Consider Homeownership Path

Carroll County's rent premium combined with accessible home values makes this county particularly attractive for buyers ready to transition from renting. Strong median home values and moderate income create a favorable calculus for building equity.

Affordability Calculator

See how your income compares to housing costs in Carroll County

Your Annual Household Income

Rent Burden

17.8%

of gross income

Max Housing (28% Rule)

$1,288

per month

Owner Cost Burden

14.5%

of gross income

The median home in Carroll County may be a stretch

Median home value is $186,300. Estimated monthly cost: $1,487 vs. your max of $1,288.

Rent Affordability Guide

Your rent-to-income ratio17.8%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carroll County, Arkansas?

Carroll County, Arkansas has a median monthly rent of $818/mo and a median home value of $186,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Carroll County?

The median gross rent in Carroll County is $818/mo. This is 8% above state average for Arkansas.

Is Carroll County affordable?

Carroll County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Carroll County's rent compare to the state average?

Carroll County's median rent of $818/mo is 8% above state average of $760/mo for Arkansas.

What is the median home value in Carroll County?

The median home value in Carroll County, Arkansas is $186,300. This is 34% below the national median home value of $281,900.