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Affordable
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These days, finding an affordable place to live in the Lono area can be challenging. Home prices in Lono are now at a median cost of $137,353, lower than the Arkansas average of $207,061.
The average cost of rent is $850/mo in Lono, primarily driven by the current value of real estate in the Lono area. In Lono, 17.57% of households rent, and 63.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lono is $4,805 per month. Households that rent pay about 17.69% of their income on rent here. Lono’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Leola, AR: less expensive homes
- Rolla, AR: higher priced homes
- Carthage, AR: less expensive homes
- Ivy, AR: higher priced homes
- Round Hill, AR: less expensive homes
- Tulip, AR: equally priced homes
- Manning, AR: equally priced homes
- Dalark, AR: higher priced homes
- Joan, AR: higher priced homes
- Cross Roads, AR: higher priced homes
Cities with Similar Populations
- Hudsonville, IN: higher priced homes
- Haswell, CO: higher priced homes
- Havana, ND: less expensive homes
- Healing Springs, AR: higher priced homes
- Heather, WA: higher priced homes
- Hergett, AR: higher priced homes
- Highfalls, NC: higher priced homes
- Holly Grove, LA: less expensive homes
- Horn Hill, TX: higher priced homes
- Harrold, TX: less expensive homes
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