The Most Affordable Neighborhoods in Black Oak, AR by Home Value

These days, finding an affordable place to live in the Black Oak area can be challenging. Home prices in Black Oak are now at a median cost of $103,285, lower than the Arkansas average of $207,061.

The average cost of rent is $817/mo in Black Oak, primarily driven by the current value of real estate in the Black Oak area. In Black Oak, 15.70% of households rent, and 75.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Black Oak is $5,028 per month. Households that rent pay about 16.25% of their income on rent here. Black Oak’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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