Housing costs in Lonoke?
A typical home costs
$156,600, which is 53.7% less expensive than the national average of
$338,100 and 13.9% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Lonoke costs
$820 per month, which is 2.4% cheaper than the national average of
$840 and 12.2% cheaper than the state average of
$920.
Can I afford Lonoke?
To live comfortably in Lonoke (zip 72086), Arkansas, a minimum annual income of
$29,880 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Lonoke?
The cost of living in Lonoke, AR (zip code 72086) is quite affordable compared to other parts of the country. The median home value is around $136,000, which is lower than the national median of $196,500. In addition, the average rent for a two bedroom apartment is only around $809 per month. Property taxes are also quite low in Lonoke, averaging only 0.35% of the property's assessed value. Food and other necessities are also quite affordable in this area; local grocery stores like Walmart and Target often offer competitive prices for everyday items. Overall, it's easy to see why many people choose to make their home in Lonoke -- it's easy on the wallet while still offering plenty of amenities!