The Most Affordable Neighborhoods in Old Neely, AR by Home Value

These days, finding an affordable place to live in the Old Neely area can be challenging. Home prices in Old Neely are now at a median cost of $153,728, lower than the Arkansas average of $207,061.

The average cost of rent is $696/mo in Old Neely, primarily driven by the current value of real estate in the Old Neely area. In Old Neely, 38.18% of households rent, and 30.92% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Old Neely is $4,005 per month. Households that rent pay about 17.38% of their income on rent here. Old Neely’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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