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These days, finding an affordable place to live in the Red Springs area can be challenging. Home prices in Red Springs are now at a median cost of $115,621, lower than the Arkansas average of $207,061.
The average cost of rent is $733/mo in Red Springs, primarily driven by the current value of real estate in the Red Springs area. In Red Springs, 6.91% of households rent, and 64.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Springs is $4,891 per month. Households that rent pay about 14.99% of their income on rent here. Red Springs’s most expensive areas are in the western 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.
Nearby Cities
- Whelen Springs, AR: higher priced homes
- Gurdon, AR: higher priced homes
- Curtis, AR: equally priced homes
- Smithton, AR: higher priced homes
- Sycamore, AR: higher priced homes
- Sayre, AR: equally priced homes
- Ouachita, AR: less expensive homes
- Sparkman, AR: equally priced homes
- Reader, AR: less expensive homes
- Bluff City, AR: less expensive homes
Cities with Similar Populations
- Peanut, PA: higher priced homes
- Perryville, AL: higher priced homes
- Perry Store, AL: equally priced homes
- Perrin, MO: higher priced homes
- Pepper, VA: higher priced homes
- Penokee, KS: less expensive homes
- Penermon, MO: less expensive homes
- Pebble City, GA: equally priced homes
- Pearl, TX: higher priced homes
- Pearl Beach, MI: higher priced homes
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