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These days, finding an affordable place to live in the Gravel Hill area can be challenging. Home prices in Gravel Hill are now at a median cost of $92,615, lower than the Arkansas average of $207,061.
The average cost of rent is $970/mo in Gravel Hill, primarily driven by the current value of real estate in the Gravel Hill area. In Gravel Hill, 29.34% of households rent, and 53.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gravel Hill is $2,990 per month. Households that rent pay about 32.45% of their income on rent here. Gravel Hill’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pleasant Grove, AR: equally priced homes
- Scotland, AR: equally priced homes
- Cleveland, AR: higher priced homes
- Lick Mountain, AR: higher priced homes
- Formosa, AR: higher priced homes
- Center Ridge, AR: higher priced homes
- Catholic Point, AR: higher priced homes
- Culpeper, AR: higher priced homes
- Middleton, AR: higher priced homes
- Jerusalem, AR: higher priced homes
Cities with Similar Populations
- Silver Bay, NY: higher priced homes
- Charlton City, MA: higher priced homes
- Chat, TX: higher priced homes
- Chautauqua, KS: equally priced homes
- Chemult, OR: higher priced homes
- Cherokee Bluffs, AL: higher priced homes
- Chicken Bristle, KY: higher priced homes
- Slate Creek, ID: higher priced homes
- Chiltonville, MA: higher priced homes
- Slate Hill, PA: higher priced homes
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