NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Arkansas – and Greenwood ranked among the top ten.
As renting becomes less affordable, NerdWallet wanted to give potential homebuyers a look at the current housing market. NerdWallet based its rankings on the following criteria:
- · Homeownership rate
- · Selected monthly homeowner costs
- · Monthly household income
- · Population growth
NerdWallet ranked Greenwood as the fifth best place in Arkansas for homeownership. The area has a homeownership rate of 78.7%, and median monthly homeowner costs are $1,058. Greenwood grew by 3.5% between 2010 and 2012. Only Bella Vista, Centerton, Hot Springs Village and Bryant ranked ahead of Greenwood.
Other cities that made the top ten include Bryant and Cabot. Read the full study nerdwallet.com/cities.
NerdWallet is a consumer-friendly financial literacy website that helps consumers make better financial decisions and save money on CD rates, checking accounts, credit cards and more. NerdWallet has been featured in The New York Times, Wall Street Journal and Reuters; our products have been recommended by consumer advocates Liz Weston, Clark Howard and Consumer Action.