Filled with natural beauty from the Ozark Mountains to Hot Springs National Park, Arkansas is perfect for outdoor enthusiasts. With charming small towns and vibrant downtowns, there are plenty of reasons to consider calling Arkansas home. If you’ve been thinking about moving to Arkansas or looking to move to a new city, you probably also have a budget when it comes to finding accommodations. When it comes to buying a home in Arkansas Median home sales price It’s $263,800.
If that price doesn’t fit your budget, don’t worry – we have a variety of options to help you find a house or apartment that fits your budget. Redfin has rounded up the 7 most affordable places to live in Arkansas. Best of all, they all have a median home sale price of less than $263,800. from small stone arrive jonesborolet’s take a look at which cities are on the list.
#1: Pine Bluff
Median house price: $100,000
Average sales price per square foot: $62
Average rent for a one-bedroom apartment: $637
Median household income: $39,411
Nearest major subway: Little Rock (45 miles)
Homes for Sale in Pine Bluff, Arkansas
Apartments for Rent in Pine Bluff, AR
Number one on our list of affordable places to live in Arkansas is Pine Bluff. This charming city is located in the heart of Arkansas and has a population of approximately 39,100 people. The median home sales price is $100,000, which is $163,000 less than the state average. If you are looking for things to do in Pine Bluff you can visit Arkansas Railroad Museumhead to the AGFC Delta Rivers Nature Center in the vast Pine Bluff Regional Park, or browse the town’s local shops and restaurants.
#2: Hot Springs
Median house price: $165,750
Average sales price per square foot: $132
Average rent for a one-bedroom apartment: $870
Median household income: $46,537
Nearest major subway: Little Rock (55 miles)
Hot Springs Arkansas Homes for Sale
Apartments for Rent in Hot Springs, Arkansas
Hot Springs is an affordable city with approximately 37,900 residents. Located in the Ouachita Mountains, Hot Springs is a popular destination for exploring the mountains and the iconic Hot Springs National Park. There’s plenty to do in Hot Springs, whether you’re hiking the West Mountain Trail or visiting Hot Springs Fordyce Baths Visitor Center and Museumor visit the town’s local breweries, cafes and shops.
#3: North Little Rock
Median house price: $185,000
Average sales price per square foot: $129
Average rent for a one-bedroom apartment: $627
Median household income: $45,590
Nearest major subway: Little Rock (3 miles)
North Little Rock Arkansas Homes for Sale
Apartments for Rent in North Little Rock, Arkansas
With a median home sale price of $185,000, North Little Rock ranks third on our list of affordable housing in Arkansas. The city is home to approximately 64,600 people and is located approximately 3 miles north of the nearest major metropolitan area, Little Rock. If you’re considering moving to the area, be sure to spend a day outdoors at Burns Park or Emerald Park, explore the Park Hill Historic District, and stop by the Old Mill The Old Mill). You can also take a stroll along the river or visit Arkansas Inland Maritime Museum.
#4: Fort Smith
Median house price: $220,000
Average sales price per square foot: $132
Average rent for a one-bedroom apartment: $675
Median household income: $48,033
Nearest major metro: Tulsa, Oklahoma (120 miles)
Fort Smith Arkansas Homes for Sale
Fort Smith Arkansas Apartments for Rent
Number four on our list of affordable cities to live in Arkansas is Fort Smith. While living in this city of 89,200 people, you can visit parks like Benjylen Regional Park or Fort Smith Park, visit historic sites and museums like Fort Smith National Historic Site, Fort Smith Historical MuseumClayton House, or stroll along the Ronnie Udouj Walking Trail.
#5: Jonesboro
Median house price: $230,750
Average sales price per square foot: $137
Average rent for a one-bedroom apartment: $840
Median household income: $48,901
Nearest major subway: Memphis, Tennessee (70 miles)
Jonesboro Arkansas Homes for Sale
Apartments for Rent in Jonesboro, AR
Fifth is Jonesboro, currently home to approximately 78,600 residents. The median home sale price is $230,750, about $30,000 less than the Arkansas median home sale price. If you move to this affordable area, be sure to explore the Arkansas State University campus, visit downtown Jonesboro, and spend a day at Craighead Forest Lake where you can camp, hike Travel or fishing.
#6: Little Rock
Median house price: $247,150 USD
Average sales price per square foot: $144
Average rent for a one-bedroom apartment: $830
Median household income: $48,033
Little Rock Arkansas Homes for Sale
Apartments for Rent in Little Rock, Arkansas
Another important area worth adding to your list is small stone. This affordable town of 202,600 residents is a great choice. In Little Rock, you can visit the Little Rock Zoo, visit riverfront parks like Murray Park or Rebsamen Park, and visit the Arkansas State Capitol. Little Rock has numerous museums, such as the Arkansas Historical Museum, Arkansas Museum of Art, William J. Clinton Library and Museumand the Discovery Museum.
#7: Benton
Median house price: $253,616
Average sales price per square foot: $142
Average rent for a one-bedroom apartment: $730
Median household income: $66,868
Nearest major subway: Little Rock (25 miles)
Benton Arkansas Homes for Sale
Benton Arkansas Apartments for Rent
Benton is the last city on the list of the most affordable places to live in Arkansas. Benton is located southwest of Little Rock and has about 37,500 residents, so it’s a good choice if you’re looking for a smaller city. While in Benton, be sure to visit green spaces like Tyndall Park or Bernard Holland Park, explore the charming downtown, or play golf on one of the many courses in town.
method: According to the U.S. Census, all cities must have more than 35,000 residents and have a median home sales price below Arkansas’ average median home sales price. Median home sales and median sales price per square foot Red Fin Information Center Average rent data for the period July 2024 rental network July 2023. U.S. Census Bureau.
