Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mandalay area can be challenging. Home prices in Mandalay are now at a median cost of $97,575, lower than the Arkansas average of $160,541.
The average cost of rent is $540/mo in Mandalay, primarily driven by the current value of real estate in the Mandalay area. While nearly 71.59% of residents own their homes outright in Mandalay, 24.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mandalay is $4,410 per month. Households that rent pay about 12.26% of their income on rent here. Mandalay's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Whistleville, AR: higher priced homes
- Milligan Ridge, AR: less expensive homes
- Lennie, AR: less expensive homes
- Etowah, AR: less expensive homes
- Floodway, AR: less expensive homes
- Caraway, AR: less expensive homes
- Walters, AR: less expensive homes
- Little River, AR: less expensive homes
- Manila, AR: higher priced homes
- Bunney, AR: less expensive homes
Cities with Similar Populations
- Gheen, MN: higher priced homes
- Grassy Creek, KY: less expensive homes
- Grant City, IA: equally priced homes
- Grady, OK: equally priced homes
- Gordontown, NC: higher priced homes
- Gordon, LA: less expensive homes
- Goobertown, AR: higher priced homes
- Goldfield, CO: higher priced homes
- Yancopin, AR: equally priced homes
- Yatesville, IL: higher priced homes
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