Home prices
The median home in Caraway is valued at $48,800. It is roughly $30,060 (38%) lower in comparison to the surrounding areas.Compared to the entire nation it is about $168,700 (77%) lower, and in comparison to the city of Memphis is about $53,000 (52%) lower.
Rents
The median rent in Caraway is $573 a month. This is approximately $22 (3%) lower in comparison to other places in this area.It is about $489 (46%) lower in comparison to the country as a whole, and in comparison to the city of Memphis is about $328 (36%) lower.
Nearby places
Etowah
Etowah is approximately 5 miles southeast of Caraway. The housing prices there are significantly more expensive. The value of the median home in Etowah is $71,900, which is $23,100 (32%) higher than Caraway. Its rents are a bit more expensive. In Etowah the median monthly rent is $762, which is $189 (24%) higher than Caraway.
Black Oak
Black Oak is roughly 5 miles north from Caraway. Its real estate prices are significantly more expensive. The median home in Black Oak is valued at $73,600, which comes out to $24,800 (33%) higher than Caraway. Rent there is a lot less expensive. In Black Oak the median rent is $365 per month, which works out to $208 (56%) lower than Caraway.
Lake City
Lake City is about 7 miles northwest from Caraway. The real estate prices there are a lot more expensive. The median home in Lake City costs $93,500, which comes out to $44,700 (47%) higher than Caraway. The rent there is a bit more expensive. Lake City's median monthly rent is $838, which is $265 (31%) higher than Caraway.
Monette
Monette is approximately 9 miles north of Caraway. Its real estate prices are substantially more expensive. The median home price in Monette is $84,800, which is $36,000 (42%) higher than Caraway. Its rents are a bit less expensive. In Monette the median rent is $492 a month, which works out to $81 (16%) lower than Caraway.
Leachville
Leachville is approximately 10 miles north of Caraway. Real estate prices there are a little more expensive. Leachville's median home value is $70,500, which works out to $21,700 (30%) higher than Caraway. Its rents are a little less expensive. In Leachville the median rent is $518 a month, which is $55 (10%) lower than Caraway.
