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These days, finding an affordable place to live in the Magic Springs area can be challenging. Home prices in Magic Springs are now at a median cost of $125,400, lower than the Arkansas average of $207,061.
The average cost of rent is $525/mo in Magic Springs, primarily driven by the current value of real estate in the Magic Springs area. In Magic Springs, 10.72% of households rent, and 86.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magic Springs is $5,040 per month. Households that rent pay about 10.42% of their income on rent here. Magic Springs’s most expensive areas are in the northern 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
- Witts Springs, AR: equally priced homes
- Bear Creek, AR: higher priced homes
- Tilly, AR: higher priced homes
- Eula, AR: equally priced homes
- Snowball, AR: equally priced homes
- Moore, AR: higher priced homes
- Dongola, AR: equally priced homes
- Canaan, AR: higher priced homes
- Bass, AR: equally priced homes
- Mount Judea, AR: equally priced homes
Cities with Similar Populations
- Grapeland, MS: less expensive homes
- Grove, WV: higher priced homes
- Griswold, IL: equally priced homes
- Grinnell, IL: higher priced homes
- Gregorytown, NY: higher priced homes
- Gregory, KY: higher priced homes
- Gregory, AR: higher priced homes
- Greenfield Mills, MD: higher priced homes
- Green Bank, NJ: higher priced homes
- Graysville, MO: less expensive homes
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