The Most Affordable Neighborhoods in Lake Village, AR by Home Value

 

Lake Village, AR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lake Village area can be challenging. Home prices in Lake Village are now at a median cost of $161,472, lower than the Arkansas average of $207,061.

The average cost of rent is $903/mo in Lake Village, primarily driven by the current value of real estate in the Lake Village area. In Lake Village, 33.77% of households rent, and 58.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lake Village is $4,216 per month. Households that rent pay about 21.43% of their income on rent here. Lake Village’s most expensive areas are in the southeastern 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.


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