Cost of Living in Howard County, Arkansas

$702/mo
Median Monthly Rent
$135,400
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$702/mo
8% below state average
Median Home Value
$135,400
52% below national
Rent-to-Income Ratio
31.0%
% 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 Howard County Compares

Median monthly rent comparison

Howard County$702/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$702/mo
Median Gross Rent
$135,400
Median Home Value
$557/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Howard County, Arkansas

Howard County presents moderate rental affordability

At 18.9%, Howard County's rent-to-income ratio sits slightly below national norms, giving renters a modest advantage compared to the typical U.S. household. The median household income of $44,492 falls well short of the national average of $74,755, while median rent of $702 per month remains competitive for the region.

Howard ranks slightly above state housing burden

With a rent-to-income ratio of 18.9%, Howard County edges above Arkansas's state average of 18.1%, placing it in the moderate-to-higher burden tier statewide. This reflects the county's lower median income relative to rental costs in the region.

Howard's rents are competitive within the cluster

At $702 per month, Howard County's median rent sits between the region's most affordable (Hot Spring at $763) and its midrange options, while home values of $135,400 remain moderate. The county offers a reasonable balance for households seeking lower costs without extreme scarcity.

Howard renters carry slightly elevated burden

With a median household income of just $44,492, renters in Howard County dedicate 18.9% of earnings—$702 per month—to housing, a rate that requires careful budgeting. Homeowners enjoy lower relative costs at $557 monthly on $135,400 properties, making ownership more accessible than renting in this county.

Howard County favors homebuyers over renters

If you're seeking to buy, Howard County's moderate home values ($135,400) and ownership costs ($557/month) present strong value; renters may feel the pinch with an 18.9% housing ratio. Compare these numbers to your circumstances and other Arkansas counties to determine if Howard is the right move for your household.

Affordability Calculator

See how your income compares to housing costs in Howard County

$

Rent Burden

18.9%

of gross income

Max Housing (28% Rule)

$1,038

per month

Owner Cost Burden

15.0%

of gross income

The median home in Howard County may be a stretch

Median home value is $135,400. Estimated monthly cost: $1,081 vs. your max of $1,038.

Rent Affordability Guide

Your rent-to-income ratio18.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Howard County, Arkansas?
Howard County, Arkansas has a median monthly rent of $702/mo and a median home value of $135,400. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Howard County?
The median gross rent in Howard County is $702/mo. This is 8% below state average for Arkansas.
Is Howard County affordable?
Howard County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Howard County's rent compare to the state average?
Howard County's median rent of $702/mo is 8% below state average of $760/mo for Arkansas.
What is the median home value in Howard County?
The median home value in Howard County, Arkansas is $135,400. This is 52% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.