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Affordable
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These days, finding an affordable place to live in the Richwood area can be challenging. Home prices in Richwood are now at a median cost of $112,300, lower than the Arkansas average of $207,061.
The average cost of rent is $809/mo in Richwood, primarily driven by the current value of real estate in the Richwood area. In Richwood, 3.72% of households rent, and 65.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richwood is $4,891 per month. Households that rent pay about 16.54% of their income on rent here. Richwood’s most expensive areas are in the central 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
- Gum Springs, AR: equally priced homes
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- Smithton, AR: higher priced homes
- DeGray, AR: higher priced homes
- Caddo Valley, AR: higher priced homes
- Joan, AR: higher priced homes
- Gurdon, AR: higher priced homes
Cities with Similar Populations
- Avery, IN: higher priced homes
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- Phillis, VA: higher priced homes
- Plaster City, CA: higher priced homes
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