Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Banks area can be challenging. Home prices in Banks are now at a median cost of $44,255, lower than the Arkansas average of $160,541.
The average cost of rent is $555/mo in Banks, primarily driven by the current value of real estate in the Banks area. While nearly 71.32% of residents own their homes outright in Banks, 19.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Banks is $3,170 per month. Households that rent pay about 17.52% of their income on rent here. Banks's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Gravelridge, AR: equally priced homes
- Lanark, AR: less expensive homes
- Farmville, AR: higher priced homes
- McKinney, AR: higher priced homes
- Tinsman, AR: higher priced homes
- Warren, AR: higher priced homes
- Harrell, AR: higher priced homes
- Hermitage, AR: higher priced homes
- Sumpter, AR: higher priced homes
- Hampton, AR: higher priced homes
Cities with Similar Populations
- Rabbit Hash, KY: higher priced homes
- Daisy, MO: higher priced homes
- Rumsey, CA: higher priced homes
- Roy, NM: higher priced homes
- Roundtop, TN: higher priced homes
- Rosiere, NY: higher priced homes
- Rocky Hill, AR: higher priced homes
- Rock Camp, WV: higher priced homes
- Robinsons, AL: higher priced homes
- Roberts Corner, NY: higher priced homes
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