Home prices
The median home value in Reed is $44,400. Compared to other places in this area it is roughly $23,480 (34%) lower.It is approximately $173,100 (79%) lower in comparison to the entire country, and is about $123,200 (73%) lower in comparison to the city of Little Rock.
Rents
The median monthly rent in Reed is $328. It is approximately $195 (37%) lower in comparison to other places in this area.It is approximately $734 (69%) lower compared to the country as a whole, and is roughly $544 (62%) lower in comparison to the city of Little Rock.
Nearby places
McGehee
McGehee is approximately 5 miles southeast of Reed. Its real estate prices are significantly more expensive. McGehee's median home value is $85,400, which comes out to $41,000 (48%) higher than Reed. Its rents are a bit more expensive. In McGehee the median monthly rent is $466, which works out to $138 (29%) higher than Reed.
Dermott
Dermott is about 12 miles south of Reed. Housing prices there are a lot more expensive. The cost of the median home in Dermott is $70,800, which works out to $26,400 (37%) higher than Reed. Rents there are a lot more expensive. The median rent in Dermott is $569 a month, which works out to $241 (42%) higher than Reed.
Dumas
Dumas is about 13 miles north of Reed. Housing prices there are significantly more expensive. The median home in Dumas is valued at $66,300, which is $21,900 (33%) higher than Reed. Its rents are significantly more expensive. Dumas's median monthly rent is $545, which works out to $217 (39%) higher than Reed.
Arkansas City
Arkansas City is about 14 miles southeast of Reed. Its housing prices are a little more expensive. The value of the median home in Arkansas City is $60,000, which is $15,600 (26%) higher than Reed. Rent there is significantly more expensive. The median rent in Arkansas City is $595 a month, which is $267 (44%) higher than Reed.
Mitchellville
Mitchellville is about 15 miles north of Reed. Housing prices there are somewhat more expensive. The median home in Mitchellville costs $56,900, which is $12,500 (21%) higher than Reed. Its rents are a little more expensive. In Mitchellville the median rent is $438 per month, which works out to $110 (25%) higher than Reed.
