Expensive
Affordable
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These days, finding an affordable place to live in the McRae area can be challenging. Home prices in McRae are now at a median cost of $136,810, lower than the Arkansas average of $207,061.
The average cost of rent is $694/mo in McRae, primarily driven by the current value of real estate in the McRae area. In McRae, 20.90% of households rent, and 56.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in McRae is $4,779 per month. Households that rent pay about 14.52% of their income on rent here. McRae’s most expensive areas are in the northern 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
- Garner, AR: equally priced homes
- Beebe, AR: higher priced homes
- Morning Sun, AR: higher priced homes
- Walker, AR: less expensive homes
- Floyd, AR: higher priced homes
- Higginson, AR: less expensive homes
- Barrentine Corner, AR: higher priced homes
- Searcy, AR: higher priced homes
- Center Hill, AR: higher priced homes
- Ward, AR: higher priced homes
Cities with Similar Populations
- Carrollton, AL: less expensive homes
- Garretson, SD: higher priced homes
- Walstonburg, NC: less expensive homes
- East New Market, MD: higher priced homes
- Washington Boro, PA: higher priced homes
- West Mansfield, OH: higher priced homes
- West Winfield, NY: higher priced homes
- Cove City, NC: higher priced homes
- Colstrip, MT: higher priced homes
- Cedar Grove, NC: higher priced homes
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