The Most Affordable Neighborhoods in Mena, AR by Home Value

 

Mena, AR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mena area can be challenging. Home prices in Mena are now at a median cost of $132,236, lower than the Arkansas average of $160,541.

The average cost of rent is $700/mo in Mena, primarily driven by the current value of real estate in the Mena area. While nearly 56.38% of residents own their homes outright in Mena, 21.37% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mena is $3,959 per month. Households that rent pay about 17.68% of their income on rent here. Mena's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.


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