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Siloam Springs Housing Information

IndexSiloam SpringsArkansasNational
Median home price$118,700$114,700$184,700
Median rent asked$713$689$949
Avg. people per household2.92.52.6
Owner occupied households54.1%65.7%63.6%
Renter occupied households45.9%34.3%36.4%
Above is a snapshot look at the real estate market in Siloam Springs, AR. In Siloam Springs, AR, the median house price is $118,700, making the price 3% higher than that the average for Arkansas. Therefore, the affordability of Siloam Springs, AR area real estate is less affordable than the real estate in other areas of Arkansas. In addition, Siloam Springs, AR has a median rent price of $713; this price is 3% higher than that the average rental price for Arkansas. 54.1% of residents in Siloam Springs, AR are homeowners, and the average amount of people who reside in each home is 2.9. Siloam Springs, 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 Siloam Springs, AR real estate for sale.

Siloam Springs Home Affordability

When looking for real estate in Siloam Springs, 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 Siloam Springs, AR, the median price of a home is $118,700 and $44,735 is the median household income. This means that the home price to income ratio is 2.7x, a ratio that is 2% lower than the average in Arkansas. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Siloam Springs, 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 Siloam Springs, AR.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Dripping Springs, OK34$0100%
Flint Creek, OK620$0100%
Cloud Creek, OK95$0100%
Cherokee City, AR28$0100%
Westville, OK1,626$52,10072%
Siloam Springs, AR16,095$118,70036%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Spanish Springs, NV16,091$273,10048%
Madison, NJ16,090$681,900269%
Washington, IL16,102$172,1007%
Alamo, CA16,078$1,411,800664%
Hermitage, PA16,077$134,70027%
Siloam Springs, AR16,095$118,70036%

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