Shannon Hills Housing Information
| Index | Shannon Hills | Arkansas | National |
| Median home price | $123,000 | $114,700 | $184,700 |
| Median rent asked | $1,112 | $689 | $949 |
| Avg. people per household | 3.0 | 2.5 | 2.6 |
| Owner occupied households | 87.5% | 65.7% | 63.6% |
| Renter occupied households | 12.5% | 34.3% | 36.4% |
Shannon Hills Home Affordability
Home affordability can be a very important factor when determining where to purchase real estate in Shannon Hills, AR. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Shannon Hills, AR is $123,000 and the median household income is $58,155. This results in a home price to income ratio of 2.1x, which is 22% lower than the Arkansas average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Shannon Hills, AR are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Shannon Hills, AR.Nearby cities with low home prices
| City, State | Population | Home Price | National Avg. |
| Hensley, AR | 25 | $0 | 100% |
| Wrightsville, AR | 1,246 | $59,000 | 68% |
| College Station, AR | 598 | $62,100 | 66% |
| Salem city, AR | 1,935 | $66,300 | 64% |
| Sweet Home, AR | 582 | $75,300 | 59% |
| Shannon Hills, AR | 3,614 | $123,000 | 33% |
Cities with similar population
| City, State | Population | Home Price | National Avg. |
| Dixmoor, IL | 3,614 | $44,200 | 76% |
| Paulding, OH | 3,615 | $79,600 | 57% |
| Plains, PA | 3,615 | $94,400 | 49% |
| Leisure Village East, NJ | 3,613 | $169,500 | 8% |
| Lowell, NC | 3,616 | $122,100 | 34% |
| Shannon Hills, AR | 3,614 | $123,000 | 33% |