Home Price Key
Affordable
Average
Expensive
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 $71,601, lower than the Arkansas average of $160,541.
The average cost of rent is $668/mo in Velvet Ridge, primarily driven by the current value of real estate in the Velvet Ridge area. While nearly 60.92% of residents own their homes outright in Velvet Ridge, 25.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Velvet Ridge is $3,015 per month. Households that rent pay about 22.14% of their income on rent here. Velvet Ridge's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Twentythree, AR: higher priced homes
- Providence, AR: higher priced homes
- Denmark, AR: equally priced homes
- Russell, AR: equally priced homes
- Bald Knob, AR: higher priced homes
- Bradford, AR: equally priced homes
- Sunnydale, AR: higher priced homes
- Judsonia, AR: higher priced homes
- Pleasant Plains, AR: higher priced homes
- Hickory Flat, AR: higher priced homes
Cities with Similar Populations
- Mount Carbon, IL: higher priced homes
- Price, ND: higher priced homes
- Preston, VA: higher priced homes
- Preble, NY: higher priced homes
- Newell, PA: higher priced homes
- New Jerusalem, PA: higher priced homes
- Neosho Rapids, KS: higher priced homes
- Negangards Corner, IN: higher priced homes
- Naylor, AR: higher priced homes
- Mystic Grove, MA: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood