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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 $244,969, higher than the Arkansas average of $207,061.
The average cost of rent is $829/mo in Bonanza, primarily driven by the current value of real estate in the Bonanza area. In Bonanza, 8.48% of households rent, and 61.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bonanza is $6,478 per month. Households that rent pay about 12.80% of their income on rent here. Bonanza’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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