Sharp County Area Home Supply Charts

This page looks at a variety of Sharp County Arkansas housing market data taken from the most recent 2022 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. Sharp County depicts it has a Housing Units of 9,544 which is the second most housing units of all the counties in the greater Sharp County region.

Figure 2 illustrates the housing density in the Sharp County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Sharp County shows it has a Housing Density of 15.8 which is the second most housing densities of all the counties in the greater Sharp County region. The county with the highest housing density in the area is Independence County which depicts a density of 21.8 (37.9% larger). Comparing housing density to the United States average of 39.5, Sharp County is approximately half the size. Also, benchmarked against the state of Arkansas, housing density of 26.1, Sharp County is approximately three-fourths the size.

In Figure 4, Sharp County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Sharp County depicts it has a Housing Unit Change of -2.8% which is the third most housing units of all other counties in the greater Sharp County region. The county with the highest change in the housing units in the area is Independence County which depicts a housing units of 2.8% ( about the same size). Comparing change in the housing units to the United States average of 7.4%, Sharp County is about the same size. Also, versus the state of Arkansas, change in the housing units of 3.5%, Sharp County is about the same 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.) Sharp County depicts it has a Renter Percent of 21.0% which is the second smallest when ranked by renter percent of all the other counties in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 79.0% which is the second most owner percent of all the counties in the greater Sharp County region.

Sharp County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Sharp County home price is illustrated for this community and a useful analysis of affordable housing. Sharp County depicts it has a Median Home Value of $77,000 which is the second smallest in terms of median home price of all the other counties in the local area. The county with the highest median home price in the area is Oregon County which shows a home price of $101,800 (32.2% larger). Figure 8 provides aggregate comparative data for the Sharp County Arkansas metro area in terms of the median housing rental rate, apartment rent, etc. Sharp County depicts it has a Median Gross Rent of $569 which is the smallest as measured by rental rates of all the other counties in the area. The county with the highest rental rates in the area is Independence County which depicts a rental rates of $715 (25.7% larger). Comparing rental rates to the United States average of $1,163, Sharp County is approximately half the size. Also, benchmarked against the state of Arkansas, rental rates of $803, Sharp County is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Sharp County has one of the largest proportions of home price worth less than $50,000 at 33% of the total and is ranked #3. Only #2 Izard County (41%), and #1 Lawrence County (44%) are larger.

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. Sharp County shows it has a Median Owner Cost of $492 which is less than most other counties in the surrounding region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Sharp County metro area. it has a Owner Cost as % of HH Income of 16% which is ranked #1 of all counties in the greater Sharp County region.

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. Sharp County depicts it has a Median Home Value as Percent of Median Earnings of 245% which is the third most of all other counties in the greater region.

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.) Sharp County depicts it has a Median Owner Costs-With Mortgage of $832 which is the second smallest in terms of median housing cost of all the other counties in the greater 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 $312 which is the second smallest when ranked by median housing cost of all the 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. Sharp County has the smallest proportion of owner cost less than $300 at 24% of the total. Second, it has the smallest proportion of owner cost between $1,000 and $1,500 at 2% of the total. Third, it has the smallest proportion of owner cost between $1,500 and $2,000 at 1% of the total. Also, it has the largest proportion of owner cost between $2,000 and $2,500 at 1% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $3,000 and $3,500 at 0% of the total and is ranked #1.

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.) Sharp County depicts it has a % of Income Owner Costs-With Mortgage of 20% which is the second most of all the counties in the metro area. The county with the highest cost as a percent of household income in the area is Fulton County which depicts a cost as a percent of household income of 24% (17.8% 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. Sharp County shows it has a % of Income Owner Costs-No Mortgage of 11% which is in the mid range of other counties in the metropolitan area. The county with the highest cost as a percent of household income in the area is Izard County which indicates a cost as a percent of household income of 12% (8.8% larger).

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.) Sharp County has one of the largest proportions of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #2. The only larger county being Randolph County with 24%. Second, it has the second smallest in terms of rent as a percent of income is less than 10 pct of all the other counties in the local area as measured by rent as a percent of income is between 10pct to 20pct at 14% of the total. Third, it has the second smallest in terms of rent as a percent of income is less than 10 pct of all the other counties in the area in order 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. Sharp County has the largest proportion of housing cost between $2,000 and $2,500 at 1% of the total and is ranked #1.

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 $472 which is in the center range of other counties in the metropolitan area. The county with the highest median real estate taxes paid in the area is Independence County which shows a taxes paid of $594 (25.8% larger). Comparing median real estate taxes paid to the United States average of $2,690, Sharp County is approximately a sixth the size. Also, versus the state of Arkansas, median real estate taxes paid of $878, Sharp County is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Sharp County Arkansas. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Sharp County has the largest proportion of pay extra for utilities at 15% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Sharp County Arkansas has the smallest proportion of rent between 750 and 1000 dollars at 2% of the total.

Sharp County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Sharp County has the largest proportion of Mortgage and 2nd Mortgage at 0% of the total and is ranked #1. Second, it has less than most other counties in the local area in order of With HELOC no Primary Mortgage at 54% of the total.

Sharp County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is in the center range of other counties in the local area. The county with the highest family members per housing unit in the area is Izard County which depicts a family members per housing unit of 3.7 (13.7% larger). Comparing family members per housing unit to the United States average of 3.3, Sharp County is only about 2.1% smaller. Also, compared to the state of Arkansas, family members per housing unit of 3.2, Sharp County is about the same size.

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 5.3 which is the second smallest in order of average number of rooms in a house of all the other counties in the local area. The county with the highest average number of rooms in a house in the area is Oregon County which shows an average number of rooms in a house of 5.8 (9.4% 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 1980 which is in the mid range of other counties in the greater region. The county with the highest year built in the area is Independence County which shows a year built of 1987 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later less than most other counties in the greater region at 3% of the total. Second, it has the second smallest when ranked by homes built in 2020 or later of all the other counties in the local area when sorted by homes built between 2010 to 2019 at 12% of the total. Third, it has the smallest proportion of homes built between 2000 to 2009 at 15% of the total. Also, it has the largest proportion of homes built between 1990 to 1999 at 19% of the total and is ranked #1. In addition, it has the largest proportion of homes built between 1980 to 1989 at 33% of the total and is ranked #1. Furthermore, it has the smallest proportion of homes built between 1960 to 1969 at 4% of the total. Next it has the smallest proportion of homes built between 1950 to 1959 at 1% of the total. Additionally, it has the smallest proportion of homes built between 1940 to 1949 at 3% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the mid range of other counties in the surrounding region at 1,436 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 50 or more units less than most other counties in the local area at 13% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $206,500 of the total and is ranked #3. Only #2 Izard County ($214,800), and #1 Randolph County ($232,400) are larger. Second, it has the second smallest in order of value of homes built 2014 or later of all the other counties in the surrounding region when ranked by value of homes built 2010 to 2013 at $116,100 of the total. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $105,500 of the total and is ranked #3. Only #2 Lawrence County ($107,100), and #1 Randolph County ($115,500) are larger. Also, it has the second smallest as measured by value of homes built 2014 or later of all the other counties in the local area when sorted by value of homes built 1990 to 1999 at $77,800 of the total. In addition, it has the smallest proportion of value of homes built 1980 to 1989 at $69,500 of the total. Furthermore, it has the smallest proportion of value of homes built 1970 to 1979 at $58,000 of the total. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $88,800 of the total and is ranked #2. The only larger county being Oregon County with $96,800. Additionally, it has the smallest proportion of value of homes built 1950 to 1959 at $50,000 of the total. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $109,400 of the total and is ranked #2. The only larger county being Independence County with $115,200.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has one of the largest proportions of occupied housing units at 28% of the total and is ranked #2. The only larger county being Izard County with 32%.

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 Sharp County residents. it has a Owner-Household Size of 2.5 which is the second smallest as measured by homeowner household size of all the other counties in the greater region. The county with the highest homeowner household size in the area is Izard County which depicts a homeowner household size of 2.8 (13.8% larger).

Figure 37 shows the household size for renters. Sharp County shows it has a Renter-Household Size of 2.6 which is the third most of all other counties in the greater region. The county with the highest renter household size in the area is Oregon County which shows a renter household sizes of 2.8 (8.8% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 24% of the total and is ranked #2. The only larger county being Independence County with 26%. Figure 39 shows the year that people who rent moved into the area. Sharp County has the percentage of renters moved in 2019 or later the second smallest in terms of renters moved in 2019 or later of all the other counties in the greater region at 42% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2018 at 29% of the total and is ranked #2. The only larger county being Fulton County with 29%. Third, it has the largest proportion of renters moved in 2010 to 2014 at 10% of the total and is ranked #1. Also, it has the smallest proportion of renters moved in 2000 to 2009 at 2% 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 2009 which is ranked #1 of all counties in the greater Sharp County region. Figure 41 compares the median year that renters moved into their home. Sharp County depicts it has a Renter Median Year Moved In of 2016 which is less than most other counties in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 59% of the total and is ranked #1. Second, it has less than most other counties in the surrounding region as measured by homes using coal or coke at 7% of the total. Third, it has the second smallest in order of homes using natural gas of all the other counties in the local area in terms of homes using solar energy at 0% of the total.

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 Sharp County housing department, Arkansas department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Sharp County depicts it has a Total In Group Quarters of 173 which is less than most other counties in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Sharp County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Sharp County has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.