Housing costs in Sherwood?
A typical home costs
$197,400, which is 41.6% less expensive than the national average of
$338,100 and 8.6% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Sherwood costs
$930 per month, which is 10.7% more than the national average of
$840 and close to the state average of
$920.
Can I afford Sherwood?
To live comfortably in Sherwood (zip 72120), Arkansas, a minimum annual income of
$37,800 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Sherwood?
The cost of living in 72120 Sherwood, AR is relatively low compared to other parts of the country. The median home price for the area is just over $109,000, and the cost of living index is estimated to be around 79.3—which is nearly 20 points lower than the national average. While grocery and health care costs are slightly higher than the national average, housing prices remain significantly lower than other parts of the country. Residents can also enjoy a variety of different recreational activities like golfing, swimming, fishing and more at several nearby parks. Combined with its low cost of living and close proximity to Little Rock, it’s no wonder that Sherwood has become one of Arkansas’ most desirable places to live.