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These days, finding an affordable place to live in the Faulkner area can be challenging. Home prices in Faulkner are now at a median cost of $227,250, lower than the Texas average of $322,096.
The average cost of rent is $1,061/mo in Faulkner, primarily driven by the current value of real estate in the Faulkner area. In Faulkner, 24.16% of households rent, and 60.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Faulkner is $6,841 per month. Households that rent pay about 15.50% of their income on rent here. Faulkner’s most expensive areas are in the northern 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
- Blossom, TX: equally priced homes
- Sun Valley, TX: equally priced homes
- Detroit, TX: less expensive homes
- Reno, TX: equally priced homes
- Kanawha, TX: equally priced homes
- Bagwell, TX: less expensive homes
- Powderly, TX: equally priced homes
- Paris, TX: less expensive homes
- Chicota, TX: less expensive homes
- Arthur City, TX: equally priced homes
Cities with Similar Populations
- Standing Rock, NM: less expensive homes
- Eagle Rock, VA: less expensive homes
- Turkey Creek, LA: less expensive homes
- Tunnel City, WI: higher priced homes
- Tower Lakes, IL: higher priced homes
- Thomas, KY: less expensive homes
- Floral, AR: less expensive homes
- Floyd Springs, GA: higher priced homes
- Surry, ME: higher priced homes
- Golden Hill, MN: higher priced homes
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