Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Prague area can be challenging. Home prices in Prague are now at a median cost of $128,513, lower than the Arkansas average of $160,541.
The average cost of rent is $882/mo in Prague, primarily driven by the current value of real estate in the Prague area. While nearly 49.90% of residents own their homes outright in Prague, 9.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Prague is $5,887 per month. Households that rent pay about 14.99% of their income on rent here. Prague's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
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