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Affordable
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These days, finding an affordable place to live in the Gallatin area can be challenging. Home prices in Gallatin are now at a median cost of $354,200, higher than the Arkansas average of $207,061.
The average cost of rent is $1,574/mo in Gallatin, primarily driven by the current value of real estate in the Gallatin area. In Gallatin, 10.02% of households rent, and 61.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gallatin is $4,750 per month. Households that rent pay about 33.14% of their income on rent here. Gallatin’s most expensive areas are in the central 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
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- Decatur, AR: less expensive homes
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Cities with Similar Populations
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- Figg, KY: equally priced homes
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- Folsomville, IN: less expensive homes
- Fordyce, NE: less expensive homes
- Fosters Corner, ME: less expensive homes
- Franklinton, GA: less expensive homes
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