The Most Affordable Neighborhoods in Cherry Hill, AR by Home Value

 

Cherry Hill, AR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cherry Hill area can be challenging. Home prices in Cherry Hill are now at a median cost of $86,343, lower than the Arkansas average of $160,541.

The average cost of rent is $583/mo in Cherry Hill, primarily driven by the current value of real estate in the Cherry Hill area. While nearly 62.14% of residents own their homes outright in Cherry Hill, 20.48% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cherry Hill is $3,377 per month. Households that rent pay about 17.28% of their income on rent here. Cherry Hill's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.


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