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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 $112,819, lower than the Arkansas average of $207,061.
The average cost of rent is $1,269/mo in Jerusalem, primarily driven by the current value of real estate in the Jerusalem area. In Jerusalem, 7.45% of households rent, and 65.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jerusalem is $5,233 per month. Households that rent pay about 24.25% of their income on rent here. Jerusalem’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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