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These days, finding an affordable place to live in the Okolona area can be challenging. Home prices in Okolona are now at a median cost of $119,425, lower than the Arkansas average of $207,061.
The average cost of rent is $1,219/mo in Okolona, primarily driven by the current value of real estate in the Okolona area. In Okolona, 8.44% of households rent, and 58.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Okolona is $3,621 per month. Households that rent pay about 33.68% of their income on rent here. Okolona’s most expensive areas are in the northwestern 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
- Antoine, AR: higher priced homes
- Hollywood, AR: higher priced homes
- Beirne, AR: equally priced homes
- Smithton, AR: higher priced homes
- Gurdon, AR: higher priced homes
- Curtis, AR: equally priced homes
- Gum Springs, AR: less expensive homes
- Delight, AR: less expensive homes
- DeGray, AR: higher priced homes
- Richwood, AR: equally priced homes
Cities with Similar Populations
- Manlius, IL: higher priced homes
- Morgan Farm, TX: higher priced homes
- Montmorenci, PA: higher priced homes
- Montgomery, KY: higher priced homes
- Monterey, VA: higher priced homes
- Monroe Center, MI: higher priced homes
- Mill City, PA: higher priced homes
- Merna, NE: higher priced homes
- Mehama, OR: higher priced homes
- Meaux, LA: higher priced homes
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