Piggott, Arkansas Real Estate & Housing Market

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Piggott Housing Information

Index	Piggott	Arkansas	National
Median home price	$76,100	$114,700	$184,700
Median rent asked	$547	$689	$949
Avg. people per household	2.2	2.5	2.6
Owner occupied households	74.5%	65.7%	63.6%
Renter occupied households	25.5%	34.3%	36.4%

Above, you will see a summary of real estate in Piggott, AR. On average, homes in Piggott, AR cost $76,100, a value that is 34% lower than the average in Arkansas. In general terms, this results in Piggott, AR real estate being more affordable than Arkansas real estate. On average, people who rent houses in Piggott, AR pay $547; this value is 21% lower than the average amount renters pay in Arkansas. 74.5% of Piggott, AR residents own their own homes and, on average, each of the homes has 2.2 occupants. Piggott, AR real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Piggott, AR is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Piggott Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Piggott, AR. To estimate home affordability, one method is to use the ratio of home price to median household income. The Piggott, AR’s median home price stands at $76,100 while $29,150 is the value of the average household income. The resulting home price to income ratio, which is 2.6x, differs from the Arkansas average as the ratio is 4% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Piggott, AR are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Piggott, AR.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Nimmons, AR	49	$24,300	87%
Clarkton, MO	1,283	$34,200	81%
Qulin, MO	504	$34,300	81%
McDougal, AR	143	$40,600	78%
Greenway, AR	209	$47,900	74%
Piggott, AR	3,674	$76,100	59%

Cities with similar population

City, State	Population	Home Price	National Avg.
Gentry, AR	3,675	$113,200	39%
Canton, TX	3,672	$94,800	49%
Hainesville, IL	3,671	$154,300	16%
Stanford, KY	3,677	$105,900	43%
Mills, WY	3,677	$100,400	46%
Piggott, AR	3,674	$76,100	59%

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