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These days, finding an affordable place to live in the Chelford area can be challenging. Home prices in Chelford are now at a median cost of $78,200, lower than the Arkansas average of $207,061.
The average cost of rent is $639/mo in Chelford, primarily driven by the current value of real estate in the Chelford area. In Chelford, 34.09% of households rent, and 57.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chelford is $3,073 per month. Households that rent pay about 20.79% of their income on rent here. Chelford’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Birdsong, AR: equally priced homes
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- Bassett, AR: equally priced homes
- Wardell, AR: equally priced homes
- Deckerville, AR: equally priced homes
- Tyronza, AR: higher priced homes
- Gilmore, AR: less expensive homes
Cities with Similar Populations
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- Pahrump, CA: higher priced homes
- Palermo, IL: higher priced homes
- Bryce, UT: higher priced homes
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