Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Farelly Lake area can be challenging. Home prices in Farelly Lake are now at a median cost of $92,898, lower than the Arkansas average of $160,541.
The average cost of rent is $600/mo in Farelly Lake, primarily driven by the current value of real estate in the Farelly Lake area. While nearly 69.76% of residents own their homes outright in Farelly Lake, 27.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farelly Lake is $4,027 per month. Households that rent pay about 14.90% of their income on rent here. Farelly Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Meroney, AR: less expensive homes
- Reydell, AR: higher priced homes
- Gillett, AR: higher priced homes
- Grady, AR: less expensive homes
- Pendleton, AR: higher priced homes
- Tamo, AR: equally priced homes
- Moscow, AR: higher priced homes
- Tichnor, AR: higher priced homes
- DeWitt, AR: equally priced homes
- Tarry, AR: less expensive homes
Cities with Similar Populations
- Effner, IL: less expensive homes
- Wannville, AL: equally priced homes
- Domingo, NM: higher priced homes
- Wallerville, MS: higher priced homes
- Douglas, WV: higher priced homes
- Douthat, OK: higher priced homes
- Dragonville, VA: higher priced homes
- Wall Lake, LA: higher priced homes
- Duckers, KY: higher priced homes
- Wake, TX: less expensive homes
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