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These days, finding an affordable place to live in the Shannon Hills area can be challenging. Home prices in Shannon Hills are now at a median cost of $160,853, lower than the Arkansas average of $207,061.
The average cost of rent is $1,199/mo in Shannon Hills, primarily driven by the current value of real estate in the Shannon Hills area. In Shannon Hills, 12.49% of households rent, and 29.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shannon Hills is $5,642 per month. Households that rent pay about 21.25% of their income on rent here. Shannon Hills’s most expensive areas are in the southwestern 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
- Mabelvale, AR: equally priced homes
- Vimy Ridge, AR: less expensive homes
- Alexander, AR: higher priced homes
- Bryant, AR: higher priced homes
- Bauxite, AR: higher priced homes
- Little Rock, AR: higher priced homes
- Hensley, AR: higher priced homes
- Detonti, AR: higher priced homes
- Benton, AR: higher priced homes
- Sweet Home, AR: less expensive homes
Cities with Similar Populations
- Wheatland, WY: higher priced homes
- Windsor Heights, IA: higher priced homes
- Harwinton, CT: higher priced homes
- Welsh, LA: higher priced homes
- West Bradenton, FL: higher priced homes
- West Falmouth, MA: higher priced homes
- West Harrison, NY: higher priced homes
- West Hazleton, PA: less expensive homes
- West Lafayette, OH: less expensive homes
- Hawley, MN: higher priced homes
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