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

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 $86,754, lower than the Arkansas average of $207,061.

The average cost of rent is $606/mo in Monroe County, primarily driven by the current value of real estate in the Monroe County area. In Monroe County, 37.42% of households rent, and 62.02% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Monroe County is $3,477 per month. Households that rent pay about 17.44% of their income on rent here. Monroe County’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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