The Most Affordable Neighborhoods in Siloam Springs, AR by Home Value

 

Siloam Springs, AR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Siloam Springs area can be challenging. Home prices in Siloam Springs are now at a median cost of $242,614, higher than the Arkansas average of $207,061.

The average cost of rent is $1,072/mo in Siloam Springs, primarily driven by the current value of real estate in the Siloam Springs area. In Siloam Springs, 35.34% of households rent, and 37.58% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Siloam Springs is $6,543 per month. Households that rent pay about 16.39% of their income on rent here. Siloam Springs’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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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