Cost of Living in Sharp County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Sharp County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Sharp County ranks #536 of 3,142 counties for affordability (top 17%)
Sourced county brief
Sharp County Median Home Value Estimated at $105,100
The median home value in Sharp County was estimated at $105,100, which is $36,365 below the Arkansas unweighted county mean of $141,465. Median selected monthly owner costs for all owner-occupied units were $616, compared to an unweighted state county mean of $663. In the rental market, the median gross rent was $766 per month, while the Arkansas unweighted county mean was $774. For households in renter-occupied units, the median renter-household income was $36,620. The official median gross rent as a percentage of household income (GRAPI) in Sharp County was 24.3%, according to ACS table B25071. This official GRAPI figure is 4.1 percentage points lower than the Arkansas unweighted county mean of 28.4%. These figures represent snapshots from the 2020-2024 American Community Survey and do not represent market forecasts or investment advice. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Sharp County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.3% of renter household income in Sharp County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $766 per month; median selected monthly owner costs are $616. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,640 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Arkansas unweighted mean of county median rents is $774 per month. Sharp County's $766 median is 1.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Sharp County
Rent Burden
20.6%
of gross income
Max Housing (28% Rule)
$1,042
per month
Owner Cost Burden
16.6%
of gross income
You can likely afford the median home in Sharp County
Median home value is $105,100. Estimated monthly cost: $839 vs. your max of $1,042.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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