Sweet Home CDP Arkansas Area Home Supply Charts

This page looks at a variety of Sweet Home CDP 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. Sweet Home CDP depicts it has a Housing Units of 359 which is in the center range of other places in the surrounding region.

Figure 2 illustrates the housing density in the Sweet Home CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Sweet Home CDP depicts it has a Housing Density of 92.3 which is the second smallest when ranked by housing density of all the other places in the metro area. The place with the highest housing density in the area is Little Rock which shows a density of 831.5 ( substantially bigger). Comparing housing density to the United States average of 39.5, Sweet Home CDP is approximately 2.3 times bigger. Also, compared with the state of Arkansas, housing density of 26.1, Sweet Home CDP is approximately 3.5 times bigger.

In Figure 3, Sweet Home CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Sweet Home CDP indicates it has a Housing Unit Change of -19.3% which is the second smallest when sorted by change in the housing units of all the other places in the metropolitan area. The place with the highest change in the housing units in the area is North Little Rock which shows a housing units of 9.8% ( about the same size). Comparing change in the housing units to the United States average of 7.4%, Sweet Home CDP is approximately 2.6 times bigger. Also, in comparison with the state of Arkansas, change in the housing units of 3.5%, Sweet Home CDP is markedly bigger.

Figure 4 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.) Sweet Home CDP depicts it has a Renter Percent of 38.9% which is in the center range of other places in the local area. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 61.1% which is in the middle range of other places in the greater region.

Sweet Home CDP Arkansas Home Cost Charts

Figure 7 provides aggregate comparative data for the Sweet Home CDP Arkansas metro area in terms of the median housing rental rate, apartment rent, etc. Sweet Home CDP shows it has a Median Gross Rent of $536 which is less than most other places in the metro area. The place with the highest rental rates in the area is Little Rock which shows a rental rates of $940 (75.4% larger). Comparing rental rates to the United States average of $1,163, Sweet Home CDP is approximately half the size. Also, measured against the state of Arkansas, rental rates of $803, Sweet Home CDP is approximately three-fourths the size.

Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Sweet Home CDP depicts it has a Median Owner Cost of $569 which is in the mid point range of other places in the metro area. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Sweet Home CDP metro area. it has a Owner Cost as % of HH Income of 9% which is the second smallest in terms of cost as a percent of household income of all the other places in the greater region. The next chart, Figure 10, 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. Sweet Home CDP depicts it has a Median Home Value as Percent of Median Earnings of 148% which is less than most other places in the metro area.

Next shown in Figure 11 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.) Sweet Home CDP shows it has a % of Income Owner Costs-With Mortgage of 9% which is less than most other places in the metro area. The place with the highest cost as a percent of household income in the area is Wrightsville which depicts a cost as a percent of household income of 40% (approximately 4.5 times bigger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Sweet Home CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the third most cost as a percent of household income of all other places in the greater Sweet Home CDP region. The place with the highest cost as a percent of household income in the area is Wrightsville which shows a cost as a percent of household income of 15% (62.2% larger).

Figure 13 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.) Sweet Home CDP has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 33% of the total and is ranked #3. Only #2 Landmark CDP (55%), and #1 Wrightsville (62%) are larger.

Figure 14 shows the total housing cost for both home owners and apartment community renters in the area. Sweet Home CDP has the largest proportion of housing cost between $300 and $500 at 34% of the total and is ranked #1.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $297 which is the second smallest as measured by median real estate taxes paid of all the other places in the greater region. The place with the highest median real estate taxes paid in the area is Little Rock which shows a taxes paid of $1,657 ( markedly bigger). Comparing median real estate taxes paid to the United States average of $2,690, Sweet Home CDP is approximately a tenth the size. Also, measured against the state of Arkansas, median real estate taxes paid of $878, Sweet Home CDP is approximately a third the size.

Sweet Home CDP Arkansas Home Characteristics Charts

Figure 19 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 1968 which is the smallest as measured by year built of all the other places in the metro area. The place with the highest year built in the area is College Station CDP which depicts a year built of 1986 ( about the same size). Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2015 to 2018 at 38% of the total and is ranked #1. Figure 22 shows the year that people who rent moved into the area. Sweet Home CDP has the largest proportion of renters moved in 2019 or later at 92% of the total and is ranked #1. Second, it has the second smallest as measured by renters moved in 2019 or later of all the other places in the local area when ranked by renters moved in 2015 to 2018 at 6% of the total.