Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bonanza area can be challenging. Home prices in Bonanza are now at a median cost of $224,263, higher than the Arkansas average of $160,541.
The average cost of rent is $853/mo in Bonanza, primarily driven by the current value of real estate in the Bonanza area. While nearly 61.22% of residents own their homes outright in Bonanza, 13.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bonanza is $6,655 per month. Households that rent pay about 12.82% of their income on rent here. Bonanza's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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- Fort Smith, AR: less expensive homes
- Barling, AR: equally priced homes
Cities with Similar Populations
- Hitchins, KY: less expensive homes
- Dixie, WA: higher priced homes
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- Stanton, KS: equally priced homes
- Lockwood, CA: higher priced homes
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- Haysville, KY: less expensive homes
- Highland, TN: less expensive homes
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