The Most Affordable Neighborhoods in Hempstead County, AR by Home Value

 

Hempstead County, AR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hempstead County area can be challenging. Home prices in Hempstead County are now at a median cost of $111,787, lower than the Arkansas average of $160,541.

The average cost of rent is $762/mo in Hempstead County, primarily driven by the current value of real estate in the Hempstead County area. While nearly 49.22% of residents own their homes outright in Hempstead County, 30.45% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hempstead County is $4,444 per month. Households that rent pay about 17.15% of their income on rent here. Hempstead County's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the county.


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