Hempstead County Area Home Supply Charts

This page looks at a variety of Hempstead County Arkansas housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Hempstead County shows it has a Housing Units of 10,533 which is the second most housing units of all the counties in the greater Hempstead County region.

Figure 2 illustrates the housing density in the Hempstead County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Hempstead County depicts it has a Housing Density of 14.5 which is the second most housing densities of all the counties in the greater Hempstead County region. The county with the highest housing density in the area is Miller County which shows a density of 31.3 (about twice as large). Comparing housing density to the United States average of 38.9, Hempstead County is approximately a third the size. Also, measured against the state of Arkansas, housing density of 26.3, Hempstead County is approximately half the size.

In Figure 4, Hempstead County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Hempstead County depicts it has a Housing Unit Change of 1.1% which is the third most housing units of all other counties in the greater Hempstead County region. The county with the highest change in the housing units in the area is Miller County which indicates a housing units of 1.5% (36.0% larger). Comparing change in the housing units to the United States average of 5.7%, Hempstead County is approximately a fifth the size. Also, benchmarked against the state of Arkansas, change in the housing units of 4.1%, Hempstead County is approximately a quarter the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Hempstead County shows it has a Renter Percent of 30.7% which is in the mid point range of other counties in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 69.3% which is in the middle range of other counties in the metro area.

Hempstead County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Hempstead County home price is illustrated for this community and a useful analysis of affordable housing. Hempstead County depicts it has a Median Home Value of $81,100 which is in the mid range of other counties in the local area. The county with the highest median home price in the area is Miller County which depicts a home price of $109,100 (34.5% larger). Figure 8 provides aggregate comparative data for the Hempstead County Arkansas metro area in terms of the median housing rental rate, apartment rent, etc. Hempstead County shows it has a Median Gross Rent of $694 which is the third most rental rates of all other counties in the greater Hempstead County region. The county with the highest rental rates in the area is Miller County which depicts a rental rates of $737 (6.2% larger). Comparing rental rates to the United States average of $1,062, Hempstead County is approximately three-fourths the size. Also, in comparison with the state of Arkansas, rental rates of $745, Hempstead County is about 7.3% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Hempstead County has the smallest proportion of home price worth between $200,000 to $300,000 at 2% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Hempstead County shows it has a Median Owner Cost of $498 which is the third most median ownership cost of all other counties in the greater Hempstead County region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Hempstead County metro area. it has a Owner Cost as % of HH Income of 13% which is less than most other counties in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Hempstead County indicates it has a Median Home Value as Percent of Median Earnings of 245% which is the third most of all other counties in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Hempstead County shows it has a Median Owner Costs-With Mortgage of $965 which is the second most median housing cost of all the counties in the greater Hempstead County region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $310 which is less than most other counties in the metro area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Hempstead County has the percentage of owner cost less than $300 in the middle range of other counties in the greater region at 29% of the total. Second, it has the smallest proportion of owner cost between $300 and $500 at 11% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Hempstead County depicts it has a % of Income Owner Costs-With Mortgage of 18% which is less than most other counties in the metro area. The county with the highest cost as a percent of household income in the area is Howard County which depicts a cost as a percent of household income of 22% (18.5% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Hempstead County shows it has a % of Income Owner Costs-No Mortgage of 9% which is the highest of all counties in the greater Hempstead County region.

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Hempstead County has one of the largest proportions of rent as a percent of income is less than 10 pct at 19% of the total and is ranked #3. Only #2 Little River County (20%), and #1 Nevada County (22%) are larger. Second, it has the second smallest in order of rent as a percent of income is less than 10 pct of all the other counties in the metro area when sorted by rent as a percent of income is between 10pct to 20pct at 14% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 30pct to 40pct at 12% of the total and is ranked #2. The only larger county being Nevada County with 16%. Also, it has less than most other counties in the local area in terms of rent as a percent of income is between 40pct to 50pct at 14% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Hempstead County has the smallest proportion of housing cost between $300 and $500 at 16% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $399 which is in the mid point range of other counties in the greater region. The county with the highest median real estate taxes paid in the area is Miller County which depicts a taxes paid of $731 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,471, Hempstead County is approximately a sixth the size. Also, versus the state of Arkansas, median real estate taxes paid of $798, Hempstead County is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Hempstead County Arkansas has one of the largest proportions of rent between 500 and 750 dollars at 27% of the total and is ranked #3. Only #2 Nevada County (30%), and #1 Miller County (32%) are larger.

Hempstead County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Hempstead County has the largest proportion of both 2nd mortgage and heloc at 44% of the total and is ranked #1.

Hempstead County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is more than all other counties in the greater Hempstead County region. Comparing family members per housing unit to the United States average of 3.3, Hempstead County is only about 2.1% smaller. Also, benchmarked against the state of Arkansas, family members per housing unit of 3.2, Hempstead County is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.4 which is in the mid range of other counties in the metro area. The county with the highest average number of rooms in a house in the area is Little River County which shows an average number of rooms in a house of 5.6 (only about 3.7% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1977 which is less than most other counties in the metropolitan area. The county with the highest year built in the area is Miller County which shows a year built of 1982 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2014 or later at 4% of the total and is ranked #2. The only larger county being Howard County with 4%. Second, it has the smallest proportion of homes built between 2010 to 2013 at 6% of the total. Third, it has the largest proportion of homes built between 1940 to 1949 at 8% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 2,487 of the total and is ranked #2. The only larger county being Miller County with 5,807.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later less than most other counties in the metro area at $78,100 of the total. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $132,800 of the total and is ranked #3. Only #2 Howard County ($138,300), and #1 Miller County ($181,800) are larger. Third, it has less than most other counties in the greater region in order of value of homes built 2000 to 2009 at $71,500 of the total. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $96,900 of the total and is ranked #3. Only #2 Little River County ($102,100), and #1 Miller County ($111,000) are larger. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $86,000 of the total and is ranked #3. Only #2 Miller County ($96,200), and #1 Howard County ($97,300) are larger. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $76,400 of the total and is ranked #3. Only #2 Pike County ($77,700), and #1 Miller County ($100,800) are larger. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $82,800 of the total and is ranked #2. The only larger county being Pike County with $83,500. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $66,100 of the total and is ranked #2. The only larger county being Little River County with $136,300. And then, it has in the middle range of other counties in the area in order of value of homes built 1940 to 1949 at $66,900 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Hempstead County residents. it has a Owner-Household Size of 2.6 which is the second most homeowner household size of all the counties in the greater Hempstead County region. The county with the highest homeowner household size in the area is Howard County which shows a homeowner household size of 2.7 ( about the same size).

Figure 37 shows the household size for renters. Hempstead County shows it has a Renter-Household Size of 2.7 which is more than all other counties in the greater Hempstead County region. Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 9% of the total and is ranked #1. Second, it has the largest proportion of owners moved in 2010 to 2014 at 40% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 1990 to 1999 at 14% of the total. Figure 39 shows the year that people who rent moved into the area. Hempstead County has the percentage of renters moved in 2017 or later in the mid range of other counties in the metro area at 33% of the total. Second, it has the smallest proportion of renters moved in 2015 to 2016 at 25% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2003 which is the third most median year that a home owner moved in of all other counties in the greater Hempstead County region. Figure 41 compares the median year that renters moved into their home. Hempstead County shows it has a Renter Median Year Moved In of 2015 which is the second most of all the counties in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest when sorted by homes using natural gas of all the other counties in the surrounding region at 50% of the total. Second, it has one of the largest proportions of homes using solar energy at 0% of the total and is ranked #2. The only larger county being Pike County with 0%.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Hempstead County housing department, Arkansas department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Hempstead County depicts it has a Total In Group Quarters of 366 which is the second most of all the counties in the local area.