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Affordable
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These days, finding an affordable place to live in the Fredonia area can be challenging. Home prices in Fredonia are now at a median cost of $93,738, lower than the Arkansas average of $207,061.
The average cost of rent is $650/mo in Fredonia, primarily driven by the current value of real estate in the Fredonia area. In Fredonia, 22.44% of households rent, and 81.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fredonia is $6,583 per month. Households that rent pay about 9.88% of their income on rent here. Fredonia’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- DeValls Bluff, AR: less expensive homes
- Biscoe, AR: equally priced homes
- Brasfield, AR: less expensive homes
- Mesa, AR: less expensive homes
- Tollville, AR: less expensive homes
- Hazen, AR: higher priced homes
- Plunketts, AR: less expensive homes
- Hickory Plains, AR: higher priced homes
- Smale, AR: equally priced homes
- Erwin, AR: less expensive homes
Cities with Similar Populations
- Saline City, MO: higher priced homes
- McJester, AR: higher priced homes
- McLuney, OH: higher priced homes
- McMichaels, PA: higher priced homes
- Mead, WV: less expensive homes
- Melrose, AL: higher priced homes
- Mercer, NE: higher priced homes
- Mercyville, MO: higher priced homes
- Ruso, ND: higher priced homes
- Rutheron, NM: higher priced homes
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