Berryville, Arkansas Real Estate & Housing Market

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Berryville Housing Information

Index	Berryville	Arkansas	National
Median home price	$106,600	$114,700	$184,700
Median rent asked	$581	$689	$949
Avg. people per household	3.0	2.5	2.6
Owner occupied households	62.3%	65.7%	63.6%
Renter occupied households	37.7%	34.3%	36.4%

Above is a snapshot look at the real estate market in Berryville, AR. In Berryville, AR, the median house price is $106,600, making the price 7% lower than that the average for Arkansas. Therefore, the affordability of Berryville, AR area real estate is more affordable than the real estate in other areas of Arkansas. In addition, Berryville, AR has a median rent price of $581; this price is 16% lower than that the average rental price for Arkansas. 62.3% of residents in Berryville, AR are homeowners, and the average amount of people who reside in each home is 3.0. Berryville, AR has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Berryville, AR real estate for sale.

Berryville Home Affordability

When looking for real estate in Berryville, AR, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Berryville, AR, the median price of a home is $106,600 and $35,652 is the median household income. This means that the home price to income ratio is 3.0x, a ratio that is 10% higher than the average in Arkansas. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Berryville, AR will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Berryville, AR.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Eagle Rock, MO	160	$0	100%
Arrow Point, MO	165	$0	100%
Blue Eye, AR	38	$0	100%
Alpena, AR	416	$63,200	66%
Oak Grove, AR	459	$68,100	63%
Berryville, AR	5,370	$106,600	42%

Cities with similar population

City, State	Population	Home Price	National Avg.
Post, TX	5,369	$72,800	61%
New Castle, DE	5,372	$200,600	9%
Fairport, NY	5,372	$167,600	9%
Santa Venetia, CA	5,368	$631,600	242%
Lochbuie, CO	5,367	$169,500	8%
Berryville, AR	5,370	$106,600	42%

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