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These days, finding an affordable place to live in the Jerusalem area can be challenging. Home prices in Jerusalem are now at a median cost of $110,086, lower than the Arkansas average of $160,541.
The average cost of rent is $592/mo in Jerusalem, primarily driven by the current value of real estate in the Jerusalem area. While nearly 65.64% of residents own their homes outright in Jerusalem, 11.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Jerusalem is $3,863 per month. Households that rent pay about 15.32% of their income on rent here. Jerusalem's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
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