Black Oak, AR Foreclosures
How much do homes sell for in Black Oak, AR?
The average home price is currently $141,108.
In Black Oak, AR, how many homes are available?
There are currently 1 active home listings available in Black Oak.
What’s the average rental cost in Black Oak, AR?
The average rental price in Black Oak is $899.
What is the most expensive home in Black Oak?
The most expensive home sold in Black Oak had a price of $529,817.
What is currently the cheapest priced home in Black Oak, AR?
The cheapest home for sale in Black Oak is priced at $20,086.
Living in Black Oak, AR
Black Oak is a small, tranquil town in northeastern Arkansas, known for its tight-knit community and rural atmosphere. The area offers a peaceful lifestyle with access to outdoor activities and local amenities. Residents enjoy a balance of small-town charm and convenient access to nearby cities for work and recreation.
Current Market Conditions in Black Oak, AR
Black Oak's real estate market has been experiencing steady growth over the last few years, with an increasing demand for homes in the area. The affordability of the housing options attracts both families and individuals looking for a quiet place to live away from the hustle and bustle of urban settings. The prices in Black Oak are generally lower compared to surrounding cities, making it an appealing choice for first-time homebuyers and those seeking investment properties.
In the past few months, there has been heightened interest in properties within Black Oak, with several homes receiving multiple offers. This trend is indicative of the overall increasing demand for real estate in rural areas as more people seek out quieter living situations in light of remote work opportunities. The market remains competitive, with homes selling faster than they did a year ago.
Home Value Estimator For Black Oak, AR
There are currently 141 real estate properties
in Black Oak, AR,
with a median automated valuation model (AVM) price
of $113,288.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Black Oak, AR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Black Oak, AR,
is $141,108.00, with the most expensive house
in Black Oak, AR, topping out
at $529,817.00 and the cheapest home
in Black Oak, AR,
clocking in at $20,086.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Black Oak, AR!
Rent Prices
In Black Oak, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Black Oak, AR, is on
a rollercoaster ride. The
average rent price in Black Oak, AR,
is $899.00. Indeed, when looking to rent in
Black Oak, AR, you can expect to pay as little
as $530.00 or as much
as $1,780.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Black Oak, AR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
