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Affordable
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These days, finding an affordable place to live in the Reed area can be challenging. Home prices in Reed are now at a median cost of $97,947, lower than the Arkansas average of $207,061.
The average cost of rent is $705/mo in Reed, primarily driven by the current value of real estate in the Reed area. In Reed, 38.57% of households rent, and 61.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Reed is $3,028 per month. Households that rent pay about 23.27% of their income on rent here. Reed’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tillar, AR: equally priced homes
- Yukon, AR: less expensive homes
- Winchester, AR: higher priced homes
- McGehee, AR: equally priced homes
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- Selma, AR: less expensive homes
- Pickens, AR: equally priced homes
- Rohwer, AR: less expensive homes
- Dumas, AR: equally priced homes
- Florence, AR: less expensive homes
Cities with Similar Populations
- Portland Mills, IN: higher priced homes
- Pruitt, AR: higher priced homes
- Providence, VA: higher priced homes
- Prismatic, MS: equally priced homes
- Priscilla, MS: higher priced homes
- Prentice, IL: higher priced homes
- Prairie City, MO: equally priced homes
- Potlatch Junction, ID: higher priced homes
- Postelle, AR: less expensive homes
- Porto Rico, WV: higher priced homes
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