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Affordable
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These days, finding an affordable place to live in the Homan area can be challenging. Home prices in Homan are now at a median cost of $118,786, lower than the Arkansas average of $207,061.
The average cost of rent is $671/mo in Homan, primarily driven by the current value of real estate in the Homan area. In Homan, 16.02% of households rent, and 71.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homan is $4,043 per month. Households that rent pay about 16.59% of their income on rent here. Homan’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ogden, AR: equally priced homes
- McNab, AR: equally priced homes
- Fulton, AR: higher priced homes
- Hervey, AR: equally priced homes
- Texarkana, AR: higher priced homes
- Fomby, AR: less expensive homes
- Sheppard, AR: higher priced homes
- Texarkana, TX: higher priced homes
- Nash, TX: higher priced homes
- Wake Village, TX: higher priced homes
Cities with Similar Populations
- Roelyn, IA: higher priced homes
- Mosling, WI: higher priced homes
- Napier, IA: higher priced homes
- Needmore, NC: higher priced homes
- Nortonville, ND: equally priced homes
- Norway Ridge, WI: higher priced homes
- Norwood, VA: higher priced homes
- Riverview, TN: higher priced homes
- Roberts, IA: higher priced homes
- Robinson Corner, NH: higher priced homes
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