Report: Arkansas Rent Prices Up 25 Percent Since 2011
ARKANSAS (KFSM) – Rent prices have risen by 25 percent in The Natural State since 2011, according to a new report from Arvest Bank.
The report also states that across the U.S. rent prices are rising, and the vacancy rate of rental units reached a 21-year low. As rent prices climb, more people said they are planning on buying their first home in 2015 than in previous years.
In 2014, 4.2 million people said they planned to purchase a house, but that number rose to 5.2 million in 2015, the report.