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These days, finding an affordable place to live in the Gillett area can be challenging. Home prices in Gillett are now at a median cost of $111,590, lower than the Arkansas average of $207,061.
The average cost of rent is $842/mo in Gillett, primarily driven by the current value of real estate in the Gillett area. In Gillett, 13.24% of households rent, and 60.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gillett is $6,054 per month. Households that rent pay about 13.91% of their income on rent here. Gillett’s most expensive areas are in the northeastern 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
- Pendleton, AR: equally priced homes
- Tichnor, AR: higher priced homes
- Farelly Lake, AR: less expensive homes
- DeWitt, AR: higher priced homes
- Meroney, AR: less expensive homes
- Reydell, AR: equally priced homes
- Ethel, AR: higher priced homes
- Grady, AR: less expensive homes
- Ferguson, AR: less expensive homes
- Moscow, AR: less expensive homes
Cities with Similar Populations
- Cuba, OH: higher priced homes
- Eckerty, IN: equally priced homes
- East Killingly, CT: higher priced homes
- Dublin, KY: equally priced homes
- Doyle, CA: higher priced homes
- Dolen, TX: higher priced homes
- Dillon, GA: higher priced homes
- Derby, OH: higher priced homes
- Dendron, VA: higher priced homes
- Delmont, OH: higher priced homes
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