Home Price Key
Affordable
Average
Expensive
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 $72,418, lower than the Arkansas average of $160,541.
The average cost of rent is $578/mo in Velie, primarily driven by the current value of real estate in the Velie area. While nearly 56.44% of residents own their homes outright in Velie, 7.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in Velie is $3,593 per month. Households that rent pay about 16.09% of their income on rent here. Velie's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Kent, AR: equally priced homes
- Harmony Grove, AR: less expensive homes
- Lester, AR: higher priced homes
- Eagle Mills, AR: less expensive homes
- East Camden, AR: equally priced homes
- Camden, AR: higher priced homes
- Lakeside, AR: higher priced homes
- Chidester, AR: higher priced homes
- Cullendale, AR: higher priced homes
- Bearden, AR: less expensive homes
Cities with Similar Populations
- Parhams, LA: higher priced homes
- Pennys, AR: higher priced homes
- Peel, OR: higher priced homes
- Pedro, FL: higher priced homes
- Pedee, OR: higher priced homes
- Peckham, OK: higher priced homes
- Patton, IL: higher priced homes
- Parral, OH: higher priced homes
- Park, KS: higher priced homes
- Pentress, WV: higher priced homes
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