The Most Affordable Neighborhoods in Monroe County, AR by Home Value

Home Price Key

These days, finding an affordable place to live in the Monroe County area can be challenging. Home prices in Monroe County are now at a median cost of $77,122, lower than the Arkansas average of $160,541.

The average cost of rent is $489/mo in Monroe County, primarily driven by the current value of real estate in the Monroe County area. While nearly 65.08% of residents own their homes outright in Monroe County, 36.63% rent.

Housing affordability isn’t just about home prices, though. The average household income in Monroe County is $3,284 per month. Households that rent pay about 14.90% of their income on rent here. Monroe County's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the county.

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