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Affordable
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These days, finding an affordable place to live in the Cave Springs area can be challenging. Home prices in Cave Springs are now at a median cost of $480,023, higher than the Arkansas average of $207,061.
The average cost of rent is $2,040/mo in Cave Springs, primarily driven by the current value of real estate in the Cave Springs area. In Cave Springs, 21.58% of households rent, and 24.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cave Springs is $11,453 per month. Households that rent pay about 17.81% of their income on rent here. Cave Springs’s most expensive areas are in the northern 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.
Nearby Cities
- Elm Springs, AR: less expensive homes
- Healing Springs, AR: less expensive homes
- Lowell, AR: less expensive homes
- Rogers, AR: less expensive homes
- Bentonville, AR: less expensive homes
- Bethel Heights, AR: less expensive homes
- Tontitown, AR: less expensive homes
- Highfill, AR: less expensive homes
- Centerton, AR: less expensive homes
- Springdale, AR: less expensive homes
Cities with Similar Populations
- Mayville, WI: less expensive homes
- Mentor-on-the-Lake, OH: less expensive homes
- Mendon, MA: higher priced homes
- Melrose, FL: less expensive homes
- Medina, MN: higher priced homes
- Medford Lakes, NJ: equally priced homes
- McRae, GA: less expensive homes
- McCormick, SC: less expensive homes
- McCall, ID: higher priced homes
- Meraux, LA: less expensive homes
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