Veasey Rental Housing Statistics

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The American Community Survey (ACS), conducted by the U.S. Census Bureau, publishes detailed estimates about rental housing throughout the United States each year. Gross rent includes both the contract rent and any additional utility and fuel costs.

Unlike the Census—which is an exact count of people and households every ten years—ACS statistics are estimated based on a representative survey sample. (The data in this story only considers occupied rental housing with rent payments.) For locations with populations under 60,000, the ACS is only available in 5-year estimates, rather than single-year periods. The 5-year estimates provide greater geographical granularity but a less granular time period.

How does Veasey's median rent compare to Arkansas and the United States? 

How does Veasey median rent vary by unit size?

Note: Use the time slider beneath the charts to view data from different time periods. 

How much occupied rental housing in Veasey is unaffordable? 

This chart shows counts of rental housing units in Veasey, Arkansas, broken down by their rent affordability—that is, the gross rent as a percentage of household income. According to longstanding convention (pdf), households that spend 30 percent or more of their income on housing are considered "burdened" by housing costs that they may not be able to afford. While the 30-percent rule of thumb is not a perfect measure of unaffordable housing, it can be a useful indicator for identifying vulnerable households. 

How much do Veasey residents spend on rent in aggregate?

The ACS releases estimated rent cost aggregations based on its survey data. These aggregations are further broken down by the size and composition of the rental structure—for example, stand-alone rental homes, multi-unit apartment complexes, and mobile homes.