The Most Affordable Neighborhoods in Elm Grove, AR by Home Value

These days, finding an affordable place to live in the Elm Grove area can be challenging. Home prices in Elm Grove are now at a median cost of $104,327, lower than the Arkansas average of $207,061.

The average cost of rent is $704/mo in Elm Grove, primarily driven by the current value of real estate in the Elm Grove area. In Elm Grove, 48.17% of households rent, and 50.35% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Elm Grove is $3,425 per month. Households that rent pay about 20.56% of their income on rent here. Elm Grove’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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