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Affordable
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These days, finding an affordable place to live in the Tokio area can be challenging. Home prices in Tokio are now at a median cost of $137,393, lower than the Arkansas average of $207,061.
The average cost of rent is $497/mo in Tokio, primarily driven by the current value of real estate in the Tokio area. In Tokio, 22.66% of households rent, and 53.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tokio is $5,861 per month. Households that rent pay about 8.47% of their income on rent here. Tokio’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Bingen, AR: higher priced homes
- Kimberley, AR: higher priced homes
- Murfreesboro, AR: equally priced homes
- Roy, AR: equally priced homes
- Mount Moriah, AR: equally priced homes
- Nathan, AR: higher priced homes
- Muddyfork, AR: higher priced homes
- Nashville, AR: higher priced homes
- McCaskill, AR: equally priced homes
- Pisgah, AR: less expensive homes
Cities with Similar Populations
- Triplett, MO: higher priced homes
- Covel, WV: less expensive homes
- Cranesville, WV: higher priced homes
- Creamery, WV: higher priced homes
- Creston, SC: higher priced homes
- Crichton, LA: equally priced homes
- Crocketts Bluff, AR: equally priced homes
- Dedham, ME: higher priced homes
- Deep River, IN: higher priced homes
- Tennis, KS: higher priced homes
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