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These days, finding an affordable place to live in the Oil Trough area can be challenging. Home prices in Oil Trough are now at a median cost of $102,688, lower than the Arkansas average of $207,061.
The average cost of rent is $693/mo in Oil Trough, primarily driven by the current value of real estate in the Oil Trough area. In Oil Trough, 16.23% of households rent, and 51.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oil Trough is $3,851 per month. Households that rent pay about 17.99% of their income on rent here. Oil Trough’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Mount Olive, KY: less expensive homes
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