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These days, finding an affordable place to live in the Velvet Ridge area can be challenging. Home prices in Velvet Ridge are now at a median cost of $95,976, lower than the Arkansas average of $207,061.
The average cost of rent is $634/mo in Velvet Ridge, primarily driven by the current value of real estate in the Velvet Ridge area. In Velvet Ridge, 18.94% of households rent, and 65.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Velvet Ridge is $4,088 per month. Households that rent pay about 15.52% of their income on rent here. Velvet Ridge’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Twentythree, AR: higher priced homes
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Cities with Similar Populations
- Mount Carbon, IL: higher priced homes
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- Naylor, AR: higher priced homes
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