Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mellwood area can be challenging. Home prices in Mellwood are now at a median cost of $55,974, lower than the Arkansas average of $160,541.
The average cost of rent is $499/mo in Mellwood, primarily driven by the current value of real estate in the Mellwood area. While nearly 78.57% of residents own their homes outright in Mellwood, 43.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mellwood is $2,634 per month. Households that rent pay about 18.94% of their income on rent here. Mellwood's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lundell, AR: less expensive homes
- Ferguson, AR: less expensive homes
- Rochdale, MS: less expensive homes
- Hillhouse, MS: equally priced homes
- Ethel, AR: higher priced homes
- Rena Lara, MS: less expensive homes
- Sherard, MS: equally priced homes
- Duncan, MS: higher priced homes
- Alligator, MS: equally priced homes
- Tichnor, AR: higher priced homes
Cities with Similar Populations
- Bloomingdale, KY: higher priced homes
- Tolbert, TX: higher priced homes
- Toll Gate Heights, IN: higher priced homes
- Bridgeport, OR: higher priced homes
- Branson, CO: higher priced homes
- Brainardsville, NY: higher priced homes
- Bluff City, IL: higher priced homes
- Blues Old Stand, AL: higher priced homes
- Blue Eye, AR: higher priced homes
- Toimi, MN: higher priced homes
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