The Most Affordable Neighborhoods in Ravenden, AR by Home Value

These days, finding an affordable place to live in the Ravenden area can be challenging. Home prices in Ravenden are now at a median cost of $110,019, lower than the Arkansas average of $207,061.

The average cost of rent is $587/mo in Ravenden, primarily driven by the current value of real estate in the Ravenden area. In Ravenden, 24.30% of households rent, and 64.91% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ravenden is $3,474 per month. Households that rent pay about 16.89% of their income on rent here. Ravenden’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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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