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These days, finding an affordable place to live in the Colt area can be challenging. Home prices in Colt are now at a median cost of $97,435, lower than the Arkansas average of $207,061.
The average cost of rent is $753/mo in Colt, primarily driven by the current value of real estate in the Colt area. In Colt, 23.36% of households rent, and 55.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colt is $4,442 per month. Households that rent pay about 16.96% of their income on rent here. Colt’s most expensive areas are in the southwestern 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
- Meadow Cliff, AR: equally priced homes
- Caldwell, AR: less expensive homes
- Newcastle, AR: equally priced homes
- Wynne, AR: higher priced homes
- Forrest City, AR: equally priced homes
- Wittsburg, AR: higher priced homes
- Madison, AR: higher priced homes
- Slonikers Mill, AR: equally priced homes
- Fair Oaks, AR: less expensive homes
- Widener, AR: less expensive homes
Cities with Similar Populations
- Oak Ridge, TX: higher priced homes
- Mantua, UT: higher priced homes
- Maple Hill, KS: higher priced homes
- Mccloud, CA: higher priced homes
- Mill Creek, IN: higher priced homes
- Millbourne, PA: higher priced homes
- New Summerfield, TX: higher priced homes
- Newellton, LA: equally priced homes
- North Fairfield, OH: higher priced homes
- Nye, WI: higher priced homes
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