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Affordable
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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 $112,873, lower than the Arkansas average of $207,061.
The average cost of rent is $548/mo in Mandalay, primarily driven by the current value of real estate in the Mandalay area. In Mandalay, 31.85% of households rent, and 83.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mandalay is $5,143 per month. Households that rent pay about 10.65% of their income on rent here. Mandalay’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whistleville, AR: equally priced homes
- Milligan Ridge, AR: equally priced homes
- Lennie, AR: less expensive homes
- Etowah, AR: equally priced homes
- Floodway, AR: less expensive homes
- Caraway, AR: less expensive homes
- Walters, AR: higher priced 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: less expensive homes
- Grady, OK: higher priced homes
- Gordontown, NC: higher priced homes
- Gordon, LA: equally priced homes
- Goobertown, AR: higher priced homes
- Goldfield, CO: higher priced homes
- Yancopin, AR: less expensive homes
- Yatesville, IL: higher priced homes
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