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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 $173,162, higher than the Arkansas average of $160,541.
The average cost of rent is $716/mo in Rea Valley, primarily driven by the current value of real estate in the Rea Valley area. While nearly 59.14% of residents own their homes outright in Rea Valley, 21.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rea Valley is $3,294 per month. Households that rent pay about 21.73% of their income on rent here. Rea Valley's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Hand Valley, AR: equally priced homes
- Flippin, AR: less expensive homes
- Cotter, AR: less expensive homes
- Ralph, AR: equally priced homes
- Buffalo City, AR: equally priced homes
- Gassville, AR: less expensive homes
- Summit, AR: less expensive homes
- Yellville, AR: less expensive homes
- Bull Shoals, AR: less expensive homes
- Lakeview, AR: less expensive homes
Cities with Similar Populations
- Oak Shade Park, MI: higher priced homes
- North Georgetown, OH: less expensive homes
- North Glade, MD: higher priced homes
- North Washington, IA: less expensive homes
- Northeim, WI: equally 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: equally priced homes
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