The Most Affordable Neighborhoods in Lepanto, AR by Home Value

These days, finding an affordable place to live in the Lepanto area can be challenging. Home prices in Lepanto are now at a median cost of $68,217, lower than the Arkansas average of $207,061.

The average cost of rent is $615/mo in Lepanto, primarily driven by the current value of real estate in the Lepanto area. In Lepanto, 31.39% of households rent, and 50.45% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lepanto is $4,340 per month. Households that rent pay about 14.18% of their income on rent here. Lepanto’s most expensive areas are in the eastern 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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