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Affordable
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These days, finding an affordable place to live in the Hervey area can be challenging. Home prices in Hervey are now at a median cost of $118,469, lower than the Arkansas average of $207,061.
The average cost of rent is $703/mo in Hervey, primarily driven by the current value of real estate in the Hervey area. In Hervey, 16.70% of households rent, and 59.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hervey is $4,664 per month. Households that rent pay about 15.07% of their income on rent here. Hervey’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spring Hill, AR: equally priced homes
- Shiloh, AR: less expensive homes
- Patmos, AR: higher priced homes
- Garland, AR: equally priced homes
- Homan, AR: equally priced homes
- Piney Grove, AR: less expensive homes
- Garland City, AR: higher priced homes
- Genoa, AR: higher priced homes
- Lewisville, AR: less expensive homes
- Rocky Mound, AR: less expensive homes
Cities with Similar Populations
- Pidcoke, TX: higher priced homes
- President, PA: higher priced homes
- Prairie Point, TX: higher priced homes
- Pitkin, CO: higher priced homes
- Pine Meadows, NY: less expensive homes
- Pine Hurst Park, NC: higher priced homes
- Pine Flats, PA: higher priced homes
- Pikes Peak, IN: higher priced homes
- Piedra, CO: higher priced homes
- Prichard, MS: higher priced homes
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