Arnold, Missouri Real Estate & Housing Market

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Arnold Housing Information

Index	Arnold	Missouri	National
Median home price	$147,400	$141,200	$184,700
Median rent asked	$899	$759	$949
Avg. people per household	2.6	2.4	2.6
Owner occupied households	76.4%	66.8%	63.6%
Renter occupied households	23.6%	33.2%	36.4%

A general summary of the real estate market in Arnold, MO is listed above. Properties in Arnold, MO average a cost of $147,400, which is 4% higher than the median home price for real estate located in Missouri. This means that the region of Arnold, MO is, on average, less affordable when compared to the remainder of Missouri. Since tenants living in Arnold, MO will pay an average of $899, the median rental cost is 18% higher than in Missouri. 76.4% of people in Arnold, MO own their own homes, and an average of 2.6 people inhabit each property. Arnold, MO has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Arnold Home Affordability

When starting your search for real estate in Arnold, MO, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Arnold, MO costs $147,400 while each household has an average income of $60,535. Consequently, the ratio of home price to household income is 2.4x; this ratio is 14% lower than the average in Missouri. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Arnold, MO. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Arnold, MO.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Alorton, IL	1,908	$37,500	80%
Sauget, IL	232	$45,600	75%
Washington Park, IL	4,029	$47,500	74%
Centreville, IL	5,127	$48,400	74%
Cahokia, IL	14,574	$50,300	73%
Arnold, MO	21,196	$147,400	20%

Cities with similar population

City, State	Population	Home Price	National Avg.
South Milwaukee, WI	21,197	$154,300	16%
Oxford, AL	21,202	$129,100	30%
Patterson, CA	21,205	$216,500	17%
Decatur, GA	21,210	$384,300	108%
Clinton, UT	21,210	$192,200	4%
Arnold, MO	21,196	$147,400	20%

Source: The Arnold, MO housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).