Home Price Key
Affordable
Average
Expensive
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 $68,616, lower than the Arkansas average of $160,541.
The average cost of rent is $581/mo in Reed, primarily driven by the current value of real estate in the Reed area. While nearly 68.26% of residents own their homes outright in Reed, 38.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reed is $2,724 per month. Households that rent pay about 21.34% of their income on rent here. Reed's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Tillar, AR: higher priced homes
- Yukon, AR: equally priced homes
- Winchester, AR: higher priced homes
- McGehee, AR: higher priced homes
- McArthur, AR: higher priced homes
- Selma, AR: less expensive homes
- Pickens, AR: higher priced homes
- Rohwer, AR: higher priced homes
- Dumas, AR: higher priced homes
- Florence, AR: equally priced homes
Cities with Similar Populations
- Portland Mills, IN: higher priced homes
- Pruitt, AR: higher priced homes
- Providence, VA: higher priced homes
- Prismatic, MS: higher 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: higher priced homes
- Porto Rico, WV: higher priced homes
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