Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Payneway area can be challenging. Home prices in Payneway are now at a median cost of $57,300, lower than the Arkansas average of $160,541.
The average cost of rent is $639/mo in Payneway, primarily driven by the current value of real estate in the Payneway area. While nearly 53.88% of residents own their homes outright in Payneway, 33.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Payneway is $3,947 per month. Households that rent pay about 16.19% of their income on rent here. Payneway's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Old Weona, AR: equally priced homes
- Marked Tree, AR: equally priced homes
- Joyland, AR: higher priced homes
- Tyronza Junction, AR: higher priced homes
- Maple Grove, AR: higher priced homes
- Tulot, AR: higher priced homes
- Promised Land, AR: higher priced homes
- Monterey, AR: higher priced homes
- Trumann, AR: higher priced homes
- Weona Junction, AR: higher priced homes
Cities with Similar Populations
- Scott Bar, CA: higher priced homes
- Adrian, IL: higher priced homes
- Meiners Oaks, CA: higher priced homes
- Melbourne, MO: higher priced homes
- Melrose, AR: higher priced homes
- Memphis, AL: higher priced homes
- Menantico, NJ: higher priced homes
- Meridian, AR: higher priced homes
- Millstone, CT: higher priced homes
- Molson, WA: higher priced homes
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