The Most Affordable Neighborhoods in Washington, AR by Home Value

 

Washington, AR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Washington area can be challenging. Home prices in Washington are now at a median cost of $121,002, lower than the Arkansas average of $160,541.

The average cost of rent is $875/mo in Washington, primarily driven by the current value of real estate in the Washington area. While nearly 69.21% of residents own their homes outright in Washington, 15.99% rent.

Housing affordability isn’t just about home prices, though. The average household income in Washington is $3,421 per month. Households that rent pay about 25.57% of their income on rent here. Washington's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.


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