Cost of Living in Sharp County, Arkansas

$648/mo
Median Monthly Rent
$94,600
Median Home Value
15% below state averageUnaffordable

At a Glance

Median Monthly Rent
$648/mo
15% below state average
Median Home Value
$94,600
66% below national
Rent-to-Income Ratio
24.0%
% 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 Sharp County Compares

Median monthly rent comparison

Sharp County$648/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$648/mo
Median Gross Rent
$94,600
Median Home Value
$581/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Sharp County, Arkansas

Sharp matches the national test

Sharp County renters spend 18.1% of income on housing, exactly matching the national average. With a median income of just $42,950—43% below the national figure—residents here manage affordable rents through lower overall cost of living.

Average affordability, lower costs

Sharp County's 18.1% rent-to-income ratio ties the Arkansas state average, though its $648 median rent is the lowest among these eight counties. This creates an unusual advantage: state-typical affordability with below-average rents.

Cheapest rents in the survey

Sharp County's $648 rent undercuts every other county in this comparison, including Sevier's $725 and Van Buren's $727. This rock-bottom rent makes it exceptionally affordable despite the region's lowest median income of $42,950.

Ownership costs less than rent

Sharp County homeowners pay just $581 monthly, $67 below what renters spend, making ownership surprisingly affordable. The median home value of $94,600 represents one of the lowest in the region, enabling homeownership on modest incomes.

Sharp excels for minimal budgets

If housing costs are your primary concern, Sharp County delivers rock-bottom rents and the lowest home values in this set. This rural county rewards those seeking maximum affordability in Arkansas.

Affordability Calculator

See how your income compares to housing costs in Sharp County

$

Rent Burden

18.1%

of gross income

Max Housing (28% Rule)

$1,002

per month

Owner Cost Burden

16.2%

of gross income

You can likely afford the median home in Sharp County

Median home value is $94,600. Estimated monthly cost: $755 vs. your max of $1,002.

Rent Affordability Guide

Your rent-to-income ratio18.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Sharp County, Arkansas?
Sharp County, Arkansas has a median monthly rent of $648/mo and a median home value of $94,600. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Sharp County?
The median gross rent in Sharp County is $648/mo. This is 15% below state average for Arkansas.
Is Sharp County affordable?
Sharp County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Sharp County's rent compare to the state average?
Sharp County's median rent of $648/mo is 15% below state average of $760/mo for Arkansas.
What is the median home value in Sharp County?
The median home value in Sharp County, Arkansas is $94,600. This is 66% 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.