The Most Affordable Neighborhoods in Thornburg, AR by Home Value

These days, finding an affordable place to live in the Thornburg area can be challenging. Home prices in Thornburg are now at a median cost of $104,945, lower than the Arkansas average of $207,061.

The average cost of rent is $733/mo in Thornburg, primarily driven by the current value of real estate in the Thornburg area. In Thornburg, 16.10% of households rent, and 63.11% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Thornburg is $3,060 per month. Households that rent pay about 23.97% of their income on rent here. Thornburg’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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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