Cost of Living in Izard County, Arkansas

$626/mo
Median Monthly Rent
$122,100
Median Home Value
18% below state averageUnaffordable

At a Glance

Median Monthly Rent
$626/mo
18% below state average
Median Home Value
$122,100
57% below national
Rent-to-Income Ratio
27.0%
% 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 Izard County Compares

Median monthly rent comparison

Izard County$626/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$626/mo
Median Gross Rent
$122,100
Median Home Value
$568/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Izard County, Arkansas

Izard rents rank better than national average

At 15.7%, Izard County's rent-to-income ratio sits well below the national benchmark, giving renters more breathing room in their budgets. Median gross rent of $626 per month is considerably lower than what renters pay across the country, making housing more accessible despite incomes running 36% below the national median of $74,755.

One of Arkansas's most affordable counties

Izard County ranks among the state's most affordable places, with a rent-to-income ratio of 15.7% compared to Arkansas's 18.1% average. This advantage reflects both modest rental costs ($626 vs. the state median of $760) and relatively stable household incomes for the region.

Cheaper rents than similar counties

Izard County's $626 monthly rent undercuts nearby Johnson County ($714) and Lawrence County ($715), making it a rental bargain in northeast Arkansas. Median home values of $122,100 are competitive with neighboring counties, offering stability for buyers seeking affordable entry points.

Housing takes reasonable slice of income

With median household income at $47,728, Izard residents spend roughly 15.7% on rent and 14.3% on mortgage costs, well within sustainable ranges. Combined, housing consumes less than 30% of household income for most residents, leaving room for other necessities and savings.

Consider Izard for balanced affordability

If you're relocating to Arkansas and prioritize low housing costs without sacrificing homeownership prospects, Izard County delivers both affordable rents and moderately valued homes. The county's favorable rent-to-income ratio compared to state and national averages makes it worth serious consideration for budget-conscious movers.

Affordability Calculator

See how your income compares to housing costs in Izard County

$

Rent Burden

15.7%

of gross income

Max Housing (28% Rule)

$1,114

per month

Owner Cost Burden

14.3%

of gross income

You can likely afford the median home in Izard County

Median home value is $122,100. Estimated monthly cost: $975 vs. your max of $1,114.

Rent Affordability Guide

Your rent-to-income ratio15.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Izard County, Arkansas?
Izard County, Arkansas has a median monthly rent of $626/mo and a median home value of $122,100. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Izard County?
The median gross rent in Izard County is $626/mo. This is 18% below state average for Arkansas.
Is Izard County affordable?
Izard County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Izard County's rent compare to the state average?
Izard County's median rent of $626/mo is 18% below state average of $760/mo for Arkansas.
What is the median home value in Izard County?
The median home value in Izard County, Arkansas is $122,100. This is 57% 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.