The Most Affordable Neighborhoods in Gum Springs, AR by Home Value

These days, finding an affordable place to live in the Gum Springs area can be challenging. Home prices in Gum Springs are now at a median cost of $107,926, lower than the Arkansas average of $207,061.

The average cost of rent is $646/mo in Gum Springs, primarily driven by the current value of real estate in the Gum Springs area. In Gum Springs, 22.53% of households rent, and 55.84% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gum Springs is $4,306 per month. Households that rent pay about 14.99% of their income on rent here. Gum Springs’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.

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