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These days, finding an affordable place to live in the Damascus area can be challenging. Home prices in Damascus are now at a median cost of $190,738, lower than the Arkansas average of $207,061.
The average cost of rent is $1,004/mo in Damascus, primarily driven by the current value of real estate in the Damascus area. In Damascus, 20.06% of households rent, and 51.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Damascus is $5,293 per month. Households that rent pay about 18.98% of their income on rent here. Damascus’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gravesville, AR: higher priced homes
- Guy, AR: higher priced homes
- Southside, AR: less expensive homes
- Whipple, AR: less expensive homes
- Martinville, AR: less expensive homes
- Bee Branch, AR: less expensive homes
- Twin Groves, AR: higher priced homes
- Republican, AR: higher priced homes
- Fairbanks, AR: equally priced homes
- Morganton, AR: less expensive homes
Cities with Similar Populations
- Lincoln, MI: less expensive homes
- Perry, ME: less expensive homes
- Peggs, OK: less expensive homes
- Overton, NE: less expensive homes
- Ossian, IA: equally priced homes
- Orrville, AL: less expensive homes
- Orangeville, IL: less expensive homes
- Opdyke, IL: less expensive homes
- Odessa, WA: higher priced homes
- North Benton, OH: less expensive homes
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