
Home Price Key
These days, finding an affordable place to live in the Lanark area can be challenging. Home prices in Lanark are now at a median cost of $34,800, lower than the Arkansas average of $160,541.
The average cost of rent is $465/mo in Lanark, primarily driven by the current value of real estate in the Lanark area. While nearly 69.44% of residents own their homes outright in Lanark, 14.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lanark is $3,261 per month. Households that rent pay about 14.26% of their income on rent here. Lanark's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Banks, AR: higher priced homes
- Farmville, AR: higher priced homes
- Gravelridge, AR: higher priced homes
- Harrell, AR: higher priced homes
- Hermitage, AR: higher priced homes
- Tinsman, AR: higher priced homes
- McKinney, AR: higher priced homes
- Hampton, AR: higher priced homes
- Sumpter, AR: higher priced homes
- Warren, AR: higher priced homes
Cities with Similar Populations
- Myron, AR: higher priced homes
- New Floodwood, OH: higher priced homes
- Nettle Lake, OH: higher priced homes
- Neshannock Falls, PA: higher priced homes
- Neff, OK: higher priced homes
- Neavitt, MD: higher priced homes
- Naturl Br Sta, VA: higher priced homes
- Nassau, DE: higher priced homes
- Nanafalia, AL: higher priced homes
- New Harmony, MS: higher priced homes
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