Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermitage area can be challenging. Home prices in Hermitage are now at a median cost of $58,437, lower than the Arkansas average of $160,541.
The average cost of rent is $457/mo in Hermitage, primarily driven by the current value of real estate in the Hermitage area. While nearly 63.36% of residents own their homes outright in Hermitage, 37.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermitage is $3,351 per month. Households that rent pay about 13.65% of their income on rent here. Hermitage's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Ingalls, AR: equally priced homes
- Farmville, AR: higher priced homes
- Sumpter, AR: higher priced homes
- Jersey, AR: less expensive homes
- Lanark, AR: less expensive homes
- Johnsville, AR: equally priced homes
- Banks, AR: less expensive homes
- Gravelridge, AR: less expensive homes
- Harrell, AR: higher priced homes
- Lacey, AR: higher priced homes
Cities with Similar Populations
- Ferron, UT: higher priced homes
- Hurricane, MO: higher priced homes
- Grey Eagle, MN: higher priced homes
- Graingers, NC: higher priced homes
- Graettinger, IA: higher priced homes
- Glidden, TX: higher priced homes
- Gadsden, TN: higher priced homes
- Fonda, IA: higher priced homes
- Flemington, MO: higher priced homes
- Five Points, PA: higher priced homes
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