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These days, finding an affordable place to live in the Lonoke area can be challenging. Home prices in Lonoke are now at a median cost of $125,235, lower than the Arkansas average of $160,541.
The average cost of rent is $812/mo in Lonoke, primarily driven by the current value of real estate in the Lonoke area. While nearly 48.05% of residents own their homes outright in Lonoke, 24.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lonoke is $4,764 per month. Households that rent pay about 17.06% of their income on rent here. Lonoke's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Parnell, AR: higher priced homes
- Kerr, AR: less expensive homes
- Wattensaw, AR: higher priced homes
- Pettus, AR: less expensive homes
- Toneyville, AR: higher priced homes
- Carlisle, AR: less expensive homes
- Jacksonville, AR: equally priced homes
- Cabot, AR: higher priced homes
- Austin, AR: higher priced homes
- Little Rock Air Force Base, AR: higher priced homes
Cities with Similar Populations
- Gateway, FL: higher priced homes
- Stayton, OR: higher priced homes
- Spring Hill, KS: higher priced homes
- Greenville, WI: higher priced homes
- Gloucester Point, VA: higher priced homes
- Gloucester City, NJ: higher priced homes
- Gladwin, MI: equally priced homes
- Gifford, FL: higher priced homes
- Getzville, NY: higher priced homes
- Georgetown, IN: higher priced homes
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