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These days, finding an affordable place to live in the Free Hope area can be challenging. Home prices in Free Hope are now at a median cost of $163,453, lower than the Arkansas average of $207,061.
The average cost of rent is $644/mo in Free Hope, primarily driven by the current value of real estate in the Free Hope area. In Free Hope, 21.03% of households rent, and 65.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Free Hope is $4,237 per month. Households that rent pay about 15.20% of their income on rent here. Free Hope’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Magnolia, AR: higher priced homes
- Lydesdale, AR: less expensive homes
- McNeil, AR: less expensive homes
- Partee, AR: less expensive homes
- Ebenezer, AR: less expensive homes
- Kerlin, AR: higher priced homes
- Waldo, AR: less expensive homes
- Dodson, AR: less expensive homes
- Spotville, AR: less expensive homes
- Brister, AR: higher priced homes
Cities with Similar Populations
- Etna, KY: less expensive homes
- Dutton, MT: higher priced homes
- Dwight, KS: higher priced homes
- East Andover, NH: higher priced homes
- Woodford, WI: higher priced homes
- Woodburn, IA: higher priced homes
- East Claridon, OH: higher priced homes
- Winway, KS: equally priced homes
- East Ryegate, VT: higher priced homes
- Wingate, IN: equally priced homes
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