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These days, finding an affordable place to live in the Arbor area can be challenging. Home prices in Arbor are now at a median cost of $198,200, lower than the Missouri average of $246,641.
The average cost of rent is $1,005/mo in Arbor, primarily driven by the current value of real estate in the Arbor area. In Arbor, 10.15% of households rent, and 45.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arbor is $5,166 per month. Households that rent pay about 19.46% of their income on rent here. Arbor’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Randles, MO: less expensive homes
- Toga, MO: less expensive homes
- Delta, MO: less expensive homes
- Glennon, MO: less expensive homes
- Perkins, MO: less expensive homes
- Advance, MO: less expensive homes
- Whitewater, MO: equally priced homes
- Dongola, MO: less expensive homes
- Tillman, MO: less expensive homes
- Gipsy, MO: higher priced homes
Cities with Similar Populations
- Miami, NM: higher priced homes
- Cow Yard, MA: higher priced homes
- McKinnon, WY: higher priced homes
- Fraleytown, VA: less expensive homes
- Norton, VT: higher priced homes
- Monticello, NM: equally priced homes
- Onchiota, NY: less expensive homes
- Mineral, AR: less expensive homes
- Willamar, TX: less expensive homes
- Parkland, IL: less expensive homes
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