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These days, finding an affordable place to live in the 71940 area can be challenging. Home prices in 71940 are now at a median cost of $98,079, lower than the Arkansas average of $207,061.
The average cost of rent is $703/mo in 71940, primarily driven by the current value of real estate in the 71940 area. In 71940, 13.88% of households rent, and 77.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 71940 is $4,084 per month. Households that rent pay about 17.21% of their income on rent here. 71940’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 71922, AR: equally priced homes
- 71847, AR: higher priced homes
- 71958, AR: higher priced homes
- 71962, AR: higher priced homes
- 71852, AR: higher priced homes
- 71743, AR: higher priced homes
- 71923, AR: higher priced homes
- 71833, AR: higher priced homes
- 71846, AR: higher priced homes
- 71763, AR: higher priced homes
Zip Codes with Similar Populations
- 84307, UT: higher priced homes
- 26280, WV: higher priced homes
- 27842, NC: higher priced homes
- 28783, NC: higher priced homes
- 76878, TX: equally priced homes
- 78872, TX: less expensive homes
- 80454, CO: higher priced homes
- 83346, ID: higher priced homes
- 83823, ID: higher priced homes
- 01266, MA: higher priced homes
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