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Affordable
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These days, finding an affordable place to live in the Rea Valley area can be challenging. Home prices in Rea Valley are now at a median cost of $181,850, lower than the Arkansas average of $207,061.
The average cost of rent is $821/mo in Rea Valley, primarily driven by the current value of real estate in the Rea Valley area. In Rea Valley, 12.58% of households rent, and 62.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rea Valley is $4,027 per month. Households that rent pay about 20.40% of their income on rent here. Rea Valley’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hand Valley, AR: higher priced homes
- Flippin, AR: less expensive homes
- Cotter, AR: equally priced homes
- Ralph, AR: equally priced homes
- Buffalo City, AR: equally priced homes
- Gassville, AR: equally priced homes
- Summit, AR: less expensive homes
- Yellville, AR: equally priced homes
- Bull Shoals, AR: equally priced homes
- Lakeview, AR: higher priced homes
Cities with Similar Populations
- Oak Shade Park, MI: higher priced homes
- North Georgetown, OH: higher priced homes
- North Glade, MD: higher priced homes
- North Washington, IA: higher priced homes
- Northeim, WI: higher priced homes
- Norton, WV: less expensive homes
- Norwood, KY: higher priced homes
- Nugent, TX: less expensive homes
- Nutbush, TN: less expensive homes
- Oak Grove, VA: higher priced homes
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