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Affordable
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These days, finding an affordable place to live in the Magness area can be challenging. Home prices in Magness are now at a median cost of $209,800, higher than the Arkansas average of $207,061.
The average cost of rent is $857/mo in Magness, primarily driven by the current value of real estate in the Magness area. In Magness, 31.65% of households rent, and 48.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magness is $5,625 per month. Households that rent pay about 15.24% of their income on rent here. Magness’s most expensive areas are in the central 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
- Newark, AR: less expensive homes
- Sulphur Rock, AR: equally priced homes
- Rosie, AR: less expensive homes
- Salado, AR: less expensive homes
- Oil Trough, AR: less expensive homes
- Moorefield, AR: equally priced homes
- Huff, AR: less expensive homes
- Gainsboro, AR: less expensive homes
- Charlotte, AR: less expensive homes
- Batesville, AR: less expensive homes
Cities with Similar Populations
- Viewmonte, NY: higher priced homes
- Cordova, NE: equally priced homes
- Corinne, OK: less expensive homes
- Corinth, GA: higher priced homes
- Corn Valley, VA: less expensive homes
- Cornelia, WI: equally priced homes
- Cornish, OK: less expensive homes
- Coxs Mills, WV: less expensive homes
- Crane, IN: less expensive homes
- Crystal Bay, NV: higher priced homes
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