Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Homewood area can be challenging. Home prices in Homewood are now at a median cost of $97,950, lower than the Arkansas average of $160,541.
The average cost of rent is $554/mo in Homewood, primarily driven by the current value of real estate in the Homewood area. While nearly 68.53% of residents own their homes outright in Homewood, 14.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homewood is $3,846 per month. Households that rent pay about 14.39% of their income on rent here. Homewood's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Casa, AR: equally priced homes
- Pontoon, AR: equally priced homes
- Adona, AR: equally priced homes
- Cotton Town, AR: equally priced homes
- DeBaerrie, AR: higher priced homes
- Galla Rock, AR: higher priced homes
- Cherry Hill, AR: less expensive homes
- Nimrod, AR: higher priced homes
- Fowler, AR: higher priced homes
- Perryville, AR: higher priced homes
Cities with Similar Populations
- Kringsbush, NY: equally priced homes
- Kelso, OR: higher priced homes
- Kenmar, PA: higher priced homes
- Kennedy Heights, LA: higher priced homes
- Kent, MN: higher priced homes
- Keyesville, WI: higher priced homes
- King, WI: higher priced homes
- Kingtown, AR: less expensive homes
- Knob Fork, WV: equally priced homes
- Koeltztown, MO: higher priced homes
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