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Affordable
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These days, finding an affordable place to live in the Lumber area can be challenging. Home prices in Lumber are now at a median cost of $110,195, lower than the Arkansas average of $207,061.
The average cost of rent is $927/mo in Lumber, primarily driven by the current value of real estate in the Lumber area. In Lumber, 12.90% of households rent, and 63.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lumber is $5,011 per month. Households that rent pay about 18.49% of their income on rent here. Lumber’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Waldo, AR: less expensive homes
- Dodson, AR: higher priced homes
- Buckner, AR: less expensive homes
- Stamps, AR: less expensive homes
- Partee, AR: higher priced homes
- Magnolia, AR: higher priced homes
- Falcon, AR: less expensive homes
- McNeil, AR: less expensive homes
- McKamie, AR: less expensive homes
- Free Hope, AR: higher priced homes
Cities with Similar Populations
- Ellis Mills, TN: higher priced homes
- Dawson Crossroads, NC: higher priced homes
- Deane, KY: less expensive homes
- Denham, MN: higher priced homes
- Dike, TX: higher priced homes
- Dixon, NE: higher priced homes
- Dixville, KY: higher priced homes
- Dogtown, MS: higher priced homes
- Dothan, TX: less expensive homes
- Dry Creek, WV: less expensive homes
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