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These days, finding an affordable place to live in the Lamar area can be challenging. Home prices in Lamar are now at a median cost of $145,839, lower than the Arkansas average of $207,061.
The average cost of rent is $608/mo in Lamar, primarily driven by the current value of real estate in the Lamar area. In Lamar, 15.70% of households rent, and 38.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lamar is $4,732 per month. Households that rent pay about 12.85% of their income on rent here. Lamar’s most expensive areas are in the western 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.
Nearby Cities
- Jamestown, AR: higher priced homes
- Holman, AR: less expensive homes
- Hickeytown, AR: less expensive homes
- Knoxville, AR: less expensive homes
- Ludwig, AR: less expensive homes
- Clarksville, AR: equally priced homes
- Spadra, AR: higher priced homes
- Ross, AR: equally priced homes
- Hagarville, AR: less expensive homes
- Dublin, AR: higher priced homes
Cities with Similar Populations
- Belews Creek, NC: higher priced homes
- Woodville, FL: higher priced homes
- Ashby, MA: higher priced homes
- West Union, IA: equally priced homes
- Walker, MN: higher priced homes
- Sutter, CA: higher priced homes
- Spry, PA: higher priced homes
- Roland, AR: higher priced homes
- Richland, MO: less expensive homes
- Hemlock, MI: higher priced homes
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