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Affordable
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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 $52,800, lower than the Arkansas average of $207,061.
The average cost of rent is $533/mo in Lanark, primarily driven by the current value of real estate in the Lanark area. In Lanark, 28.05% of households rent, and 94.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lanark is $1,560 per month. Households that rent pay about 34.16% of their income on rent here. Lanark’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
- New Harmony, MS: higher priced homes
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