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These days, finding an affordable place to live in the Sheppard area can be challenging. Home prices in Sheppard are now at a median cost of $160,183, lower than the Arkansas average of $207,061.
The average cost of rent is $811/mo in Sheppard, primarily driven by the current value of real estate in the Sheppard area. In Sheppard, 6.34% of households rent, and 74.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheppard is $4,987 per month. Households that rent pay about 16.26% of their income on rent here. Sheppard’s most expensive areas are in the northern 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
- Guernsey, AR: equally priced homes
- Fulton, AR: equally priced homes
- McNab, AR: less expensive homes
- Spring Hill, AR: less expensive homes
- Washington, AR: equally priced homes
- Hope, AR: less expensive homes
- Oakhaven, AR: less expensive homes
- Shiloh, AR: less expensive homes
- Piney Grove, AR: less expensive homes
- Homan, AR: less expensive homes
Cities with Similar Populations
- Tintah, MN: higher priced homes
- Coates, MN: higher priced homes
- Cochrans Mills, PA: equally priced homes
- Coddes Beach, MI: higher priced homes
- Coffeeville, TX: equally priced homes
- Coffman, MO: higher priced homes
- Coit, TX: equally priced homes
- Cokedale, CO: higher priced homes
- Thornton, WA: higher priced homes
- Thrifton, OH: equally priced homes
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