Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the West Memphis area can be challenging. Home prices in West Memphis are now at a median cost of $93,976, lower than the Arkansas average of $160,541.
The average cost of rent is $732/mo in West Memphis, primarily driven by the current value of real estate in the West Memphis area. While nearly 50.52% of residents own their homes outright in West Memphis, 55.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in West Memphis is $3,235 per month. Households that rent pay about 22.62% of their income on rent here. West Memphis's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Marion, AR: higher priced homes
- Sunset, AR: equally priced homes
- Gammon, AR: higher priced homes
- Proctor, AR: higher priced homes
- Edmondson, AR: less expensive homes
- Midway Corner, AR: less expensive homes
- Julius, AR: higher priced homes
- Vincent, AR: higher priced homes
- Jericho, AR: higher priced homes
- Clarkedale, AR: higher priced homes
Cities with Similar Populations
- Cliffside Park, NJ: higher priced homes
- Washington, IL: higher priced homes
- Wahiawa, HI: higher priced homes
- Vincennes, IN: higher priced homes
- Vienna, VA: higher priced homes
- Vidor, TX: higher priced homes
- Versailles, KY: higher priced homes
- Vero Beach South, FL: higher priced homes
- Coos Bay, OR: higher priced homes
- Columbine, CO: higher priced homes
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