The Most Affordable Neighborhoods in Promised Land, AR by Home Value

These days, finding an affordable place to live in the Promised Land area can be challenging. Home prices in Promised Land are now at a median cost of $99,686, lower than the Arkansas average of $207,061.

The average cost of rent is $769/mo in Promised Land, primarily driven by the current value of real estate in the Promised Land area. In Promised Land, 22.56% of households rent, and 65.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Promised Land is $3,544 per month. Households that rent pay about 21.69% of their income on rent here. Promised Land’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.

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

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