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These days, finding an affordable place to live in the Rhea area can be challenging. Home prices in Rhea are now at a median cost of $304,286, higher than the Arkansas average of $207,061.
The average cost of rent is $1,259/mo in Rhea, primarily driven by the current value of real estate in the Rhea area. In Rhea, 17.26% of households rent, and 51.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rhea is $5,709 per month. Households that rent pay about 22.05% of their income on rent here. Rhea’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prairie Grove, AR: less expensive homes
- Lincoln, AR: less expensive homes
- Farmington, AR: equally priced homes
- Summers, AR: less expensive homes
- Robinson, AR: higher priced homes
- Greenland, AR: less expensive homes
- West Fork, AR: less expensive homes
- Fayetteville, AR: higher priced homes
- Westville, OK: less expensive homes
- Tontitown, AR: higher priced homes
Cities with Similar Populations
- Seelyville, IN: less expensive homes
- Newell, SD: less expensive homes
- Nome, TX: less expensive homes
- Pine River, WI: less expensive homes
- Rayle, GA: less expensive homes
- Red Oak, OK: less expensive homes
- Rio Frio, TX: less expensive homes
- Rochester, VT: less expensive homes
- Rockford, AL: less expensive homes
- Rose Valley, PA: higher priced homes
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