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These days, finding an affordable place to live in the Elm Springs area can be challenging. Home prices in Elm Springs are now at a median cost of $411,157, higher than the Arkansas average of $207,061.
The average cost of rent is $1,358/mo in Elm Springs, primarily driven by the current value of real estate in the Elm Springs area. In Elm Springs, 15.12% of households rent, and 34.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elm Springs is $9,692 per month. Households that rent pay about 14.01% of their income on rent here. Elm Springs’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tontitown, AR: equally priced homes
- Cave Springs, AR: higher priced homes
- Springdale, AR: less expensive homes
- Healing Springs, AR: equally priced homes
- Johnson, AR: less expensive homes
- Bethel Heights, AR: less expensive homes
- Lowell, AR: less expensive homes
- Robinson, AR: less expensive homes
- Highfill, AR: less expensive homes
- Rogers, AR: less expensive homes
Cities with Similar Populations
- West Orange, TX: less expensive homes
- Chatfield, MN: less expensive homes
- Walnut, MS: less expensive homes
- Romney, WV: less expensive homes
- Manti, UT: less expensive homes
- McLeansboro, IL: less expensive homes
- Amanda, OH: less expensive homes
- Milton, NY: equally priced homes
- Mississippi State, MS: less expensive homes
- Pewee Valley, KY: less expensive homes
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