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Affordable
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These days, finding an affordable place to live in the Velie area can be challenging. Home prices in Velie are now at a median cost of $112,822, lower than the Arkansas average of $207,061.
The average cost of rent is $798/mo in Velie, primarily driven by the current value of real estate in the Velie area. In Velie, 2.28% of households rent, and 55.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Velie is $5,753 per month. Households that rent pay about 13.87% of their income on rent here. Velie’s most expensive areas are in the eastern 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
- Kent, AR: higher priced homes
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- Camden, AR: higher priced homes
- Lakeside, AR: higher priced homes
- Chidester, AR: equally priced homes
- Cullendale, AR: equally priced homes
- Bearden, AR: equally priced homes
Cities with Similar Populations
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- Peckham, OK: equally priced homes
- Patton, IL: higher priced homes
- Parral, OH: higher priced homes
- Park, KS: higher priced homes
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