Expensive
Affordable
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These days, finding an affordable place to live in the Bates area can be challenging. Home prices in Bates are now at a median cost of $128,013, lower than the Arkansas average of $207,061.
The average cost of rent is $712/mo in Bates, primarily driven by the current value of real estate in the Bates area. In Bates, 12.10% of households rent, and 52.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bates is $4,380 per month. Households that rent pay about 16.25% of their income on rent here. Bates’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Waldron, AR: less expensive homes
- Needmore, AR: equally priced homes
- Boles, AR: equally priced homes
- Parks, AR: less expensive homes
- Winfield, AR: equally priced homes
- Tate, AR: equally priced homes
- Hon, AR: higher priced homes
- Nella, AR: higher priced homes
- Union Hill, AR: less expensive homes
- Blansett, AR: higher priced homes
Cities with Similar Populations
- Woodland Mills, TN: equally priced homes
- Revive, MS: less expensive homes
- Eldean, OH: higher priced homes
- Sandy Beach, NY: higher priced homes
- Ranier, MN: higher priced homes
- Bradford, TX: higher priced homes
- Santiago, MN: higher priced homes
- Thicket, TX: higher priced homes
- Thornwell, LA: higher priced homes
- Green Valley, TX: higher priced homes
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