Living in Gillham, AR
Gillham is a quaint town located in the beautiful Ouachita Mountains of Arkansas. Known for its friendly atmosphere and outdoor recreational opportunities, this small community offers a relaxing rural lifestyle. Residents can enjoy fishing, hiking, and camping in the nearby natural surroundings, making it an attractive spot for nature lovers.
Current Market Conditions in Gillham, AR
Gillham's real estate market remains stable, with a mix of affordable homes and seasonal recreational properties. The ongoing trend shows increased interest from buyers seeking vacation homes or retirement properties, drawn by the serene environment and outdoor activities available in the area. This stability can provide good investment opportunities for those looking to enter the market in pursuit of rental income or personal retreats.
Recently, there has been a noticeable uptick in home sales, particularly among families relocating for a quieter lifestyle or retirees looking for a smaller community with access to nature. Overall, while prices remain reasonable, signs indicate a gradual appreciation, reflecting the area’s appealing features and lifestyle.
Home Value Estimator For Gillham, AR
There are currently 255 real estate properties
in Gillham, AR,
with a median automated valuation model (AVM) price
of $106,948.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gillham, 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 Gillham, AR,
is $162,305.00, with the most expensive house
in Gillham, AR, topping out
at $1,832,951.00 and the cheapest home
in Gillham, AR,
clocking in at $21,350.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gillham, AR!
Rent Prices
In Gillham, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gillham, AR, is on
a rollercoaster ride. The
average rent price in Gillham, AR,
is $860.00. Indeed, when looking to rent in
Gillham, AR, you can expect to pay as little
as $520.00 or as much
as $1,680.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Gillham, 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.
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