With its beautiful natural views, hot springs, and tranquil towns, Arkansas opens its doors to you. Enjoy eating and hiking your way around the state, or kick back and relax alongside one of the many rivers and lakes. Whether you’re looking to retire or simply find the next best place to call home, Arkansas has a wealth of opportunities. NewHomeSource has found the top 10 most affordable cities in Arkansas to help you in your home search.
1. Forrest City
Home Price to Income Ratio: 2.11
Average Property Tax: $378
Median Household Income: $30,817
Forrest City tops the list of most affordable cities in Arkansas. Enjoy parks, a sports complex, and plenty of restaurants in this eastern Arkansas city. Acting as the county seat, you can learn more about the county at St. Francis County Museum.
Home Price to Income Ratio: 3.31
Average Property Tax: $404
Median Household Income: $22,177
Helena is located along the Mississippi River and the Mississippi-Arkansas border. Take advantage of this idyllic riverside location by enjoying fishing, paddling, and boating. Fan of the blues? Check out the Delta Cultural Center, a museum dedicated to the Delta blues!
3. West Memphis
Home Price to Income Ratio: 2.62
Average Property Tax: $547
Median Household Income: $33,103
West Memphis is located along the Arkansas-Tennessee border, just west of greater Memphis. Enjoy spending time at the country club, abundant parks, and Southland Racing Casino. On hot summer days, just head outside the city’s borders and cool down in the Mississippi River.
4. El Dorado
Home Price to Income Ratio: 2.08
Average Property Tax: $594
Median Household Income: $42,595
Strike gold by moving to El Dorado. One of the city’s biggest attractions is the South Arkansas Arboretum, where you can enjoy nature at its finest and delight your senses as you gaze upon a variety of beautiful flowers. Other notable attractions include the Newton House Museum, country clubs, sports complexes, and Union County Fairgrounds.
Home Price to Income Ratio: 2.05
Average Property Tax: $453
Median Household Income: $38,765
It’s blissful in Blytheville. History buffs will love the historical sights and learning opportunities, such as The National Cold War Center, Chickasawba Mound, and Delta Gateway Museum. Every Thanksgiving, the city hosts Lights of the Delta, a spectacular light show you can experience via drive-through!
Home Price to Income Ratio: 2.93
Average Property Tax: $707
Median Household Income: $40,271
Welcome to Harrison. Learn about local history at the Boone County Heritage Museum, or take a walk through Baker Prairie Natural Area. Harrison hosts several city-wide events every year, including an annual fireworks celebration and the Arkansas Hot Air Balloon State Championship.
Home Price to Income Ratio: 2.06
Average Property Tax: $405
Median Household Income: $37,832
We hope you’ll love the city of Hope. Best known for being the birthplace of the former U.S. President Bill Clinton, Hope has museums and historical sites where you can learn more about the President’s childhood. Additionally, the city has a wealth of grocery stores, parks, places of worship, and a country club.
Home Price to Income Ratio: 3.51
Average Property Tax: $783
Median Household Income: $36,562
Russellville is a sizable city located along the Arkansas River. Enjoy the great outdoors by visiting one of the riverside parks, where you can jog along the water’s edge, boat, and fish. Take a stroll through Russellville Downtown Historic District, which features eight blocks of buildings primarily built from 1875 to 1930. Russellville is also home to Arkansas Tech University, which enrolls over 10,000 students every year.
Home Price to Income Ratio: 2.55
Average Property Tax: $470
Median Household Income: $30,199
Located along the Ouachita River, Camden was the center of a major Civil War campaign. Folks interested in learning more about the city’s Civil War history can check out McCollum-Chidester House, which served as a Union army headquarters, and Fort Southerland Park, part of the Confederacy’s fortifications. Beyond the historical places, Camden offers all the urban amenities you’d want in a city.
Home Price to Income Ratio: 3.54
Average Property Tax: $725
Median Household Income: $41,014
Last but certainly not least is Searcy! Home to Harding University, Searcy is a thriving college town with no shortage of things to do. When you’re not partaking in the city’s many restaurants and parks, visit Pioneer Village for a chance to step back in time to a 19th-century village, or indulge in a citywide event at White County Fair Grounds.
Cities with the Best Home Price to Income Ratio
While the list above is sorted by the lowest overall cost of living index, the following cities have the lowest home price to income ratio, meaning you can get more home for your money.
- El Dorado
Sarah graduated from Trinity University in 2012 with a degree in International Relations and Political Science. She writes blogs on new homes, decor, communities, and more for NewHomeSource. When she’s not writing, you can find her spending time with her three cats.