Cost of Living in Pike County, Arkansas

$671/mo
Median Monthly Rent
$115,400
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$671/mo
12% below state average
Median Home Value
$115,400
59% below national
Rent-to-Income Ratio
33.0%
% 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 Pike County Compares

Median monthly rent comparison

Pike County$671/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$671/mo
Median Gross Rent
$115,400
Median Home Value
$536/mo
Monthly Owner Cost
33.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Pike County, Arkansas

Pike balances income and rent well

Pike County's rent-to-income ratio of 15.8% beats both the national average and Arkansas's 18.1% state average. At $671 monthly rent on a $51,000 median income, Pike delivers solid affordability for a lower-income region.

Pike ranks among Arkansas's affordable

Pike's 15.8% rent-to-income ratio outperforms the state average of 18.1%, positioning the county among Arkansas's better affordability options. The county's $671 monthly rent—among the lowest regionally—supports this advantage.

Pike offers competitive regional rents

Pike's $671 rent undercuts most neighbors, trailing only Newton ($629) while beating Montgomery ($734), Nevada ($841), and Ouachita ($714). Combined with a solid $51,000 median income, Pike creates attractive affordability for regional renters.

Pike's housing remains manageable

Renters pay $671 monthly while homeowners spend $536, with both dedicating roughly 16% of their $51,000 income to housing. Pike's balanced burden allows households to manage other expenses without extreme financial strain.

Pike offers solid rental affordability

Pike County delivers low rents ($671) and below-average rent-to-income ratios alongside reasonable median income. If you're seeking an affordable, stable housing market in rural Arkansas, Pike merits serious consideration.

Affordability Calculator

See how your income compares to housing costs in Pike County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,190

per month

Owner Cost Burden

12.6%

of gross income

You can likely afford the median home in Pike County

Median home value is $115,400. Estimated monthly cost: $921 vs. your max of $1,190.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Pike County, Arkansas?
Pike County, Arkansas has a median monthly rent of $671/mo and a median home value of $115,400. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.
What is the median rent in Pike County?
The median gross rent in Pike County is $671/mo. This is 12% below state average for Arkansas.
Is Pike County affordable?
Pike County is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Pike County's rent compare to the state average?
Pike County's median rent of $671/mo is 12% below state average of $760/mo for Arkansas.
What is the median home value in Pike County?
The median home value in Pike County, Arkansas is $115,400. This is 59% 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.