Much like nearby areas, it is substantially less expensive compared to the United States as a whole. Compared to the city of Memphis however, it's a little less expensive.
Home prices
The median home in Hoxie costs $69,800. It is approximately $2,140 (3%) higher in comparison to other places in this area.It is approximately $147,700 (67%) lower in comparison to the entire country, and it is about $32,000 (31%) lower in comparison to the city of Memphis.
Rents
In Hoxie the median rent is $504 a month. It is about $84 (14%) lower compared to nearby areas.In comparison to the entire nation it is roughly $558 (52%) lower, and in comparison to the city of Memphis it is roughly $397 (44%) lower.
Nearby places
Walnut Ridge
Walnut Ridge is Hoxie's neighbor to the north. Its real estate prices are a bit more expensive. The median home value in Walnut Ridge is $89,900, which works out to $20,100 (22%) higher than Hoxie. Rents there are a bit more expensive. The median monthly rent in Walnut Ridge is $586, which is $82 (13%) higher than Hoxie.
Portia
Portia is approximately 5 miles northwest from Hoxie. The real estate prices there are a bit less expensive. The median home value in Portia is $60,000, which works out to $9,800 (16%) lower than Hoxie. Rents there are fairly similar. The median monthly rent in Portia is $517, which comes out to $13 (2%) higher than Hoxie.
Sedgwick
Sedgwick is about 6 miles southeast from Hoxie. The real estate prices there are a bit less expensive. The median home in Sedgwick is valued at $65,000, which is $4,800 (7%) lower than Hoxie. The rent there is a little more expensive. Sedgwick's median rent is $725 per month, which is $221 (30%) higher than Hoxie.
Black Rock
Black Rock is about 8 miles northwest of Hoxie. The real estate prices there are pretty similar. The median home cost in Black Rock is $70,600, which works out to $800 (1%) higher than Hoxie. Rents there are a bit more expensive. The median rent in Black Rock is $545 a month, which is $41 (7%) higher than Hoxie.
Alicia
Alicia is roughly 11 miles southwest from Hoxie. Housing prices there are significantly less expensive. The median home in Alicia is valued at $52,800, which is $17,000 (32%) lower than Hoxie. Rent there is a little more expensive. Alicia's median rent is $569 per month, which works out to $65 (11%) higher than Hoxie.
