Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Armorel area can be challenging. Home prices in Armorel are now at a median cost of $109,852, lower than the Arkansas average of $160,541.
The average cost of rent is $813/mo in Armorel, primarily driven by the current value of real estate in the Armorel area. While nearly 56.88% of residents own their homes outright in Armorel, 23.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Armorel is $5,648 per month. Households that rent pay about 14.40% of their income on rent here. Armorel's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Dogwood, AR: less expensive homes
- Half Moon, AR: less expensive homes
- Blytheville, AR: less expensive homes
- Dell, AR: less expensive homes
- Gosnell, AR: less expensive homes
- Burdette, AR: less expensive homes
- Lowden, AR: less expensive homes
- Yarbro, AR: less expensive homes
- Luxora, AR: less expensive homes
- Roseland, AR: less expensive homes
Cities with Similar Populations
- Cibola, AZ: less expensive homes
- Maysville, IA: higher priced homes
- Tecopa, CA: higher priced homes
- Marklesburg, PA: higher priced homes
- Mangas Springs, NM: higher priced homes
- Manchester, TX: higher priced homes
- Makena, HI: higher priced homes
- Lucerne, WA: higher priced homes
- Cholame, CA: higher priced homes
- Meadow, SD: equally priced homes
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