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Condo Foreclosures in Lake City, AR 72437

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Lake City, AR Foreclosures

How much do homes sell for in Lake City, AR?
The average home price is currently $157,440.
What’s the average rental cost in Lake City, AR?
The average rental price in Lake City is $886.
What is the most expensive home in Lake City?
The most expensive home sold in Lake City had a price of $1,595,261.
What is currently the cheapest priced home in Lake City, AR?
The cheapest home for sale in Lake City is priced at $10,015.

Living in Lake City, AR

Lake City, Arkansas, is a charming small town that combines southern hospitality with the conveniences of nearby larger cities. With its beautiful parks, reputable schools, and welcoming community, it's an appealing place for families and individuals seeking a peaceful lifestyle. Outdoor activities abound, thanks to nearby natural resources, making it a great choice for those who enjoy an active lifestyle.

Current Market Conditions in Lake City, AR

The real estate market in Lake City, AR, is currently experiencing stable growth. The demand for homes remains consistent, driven by its affordability and community-oriented living. The average days on market are decreasing as buyers are attracted to the lower price point compared to nearby communities.

There’s been a noticeable increase in new constructions and renovations in the area, reflecting the growing interest in Lake City. Investors are also beginning to take notice, leading to a variety of properties being listed. Overall, this market is favorable for both buyers and sellers.

Home Value Estimator For Lake City, AR

There are currently 1,191 real estate properties in Lake City, AR, with a median automated valuation model (AVM) price of $134,172.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake City, 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 Lake City, AR, is $157,440.00, with the most expensive house in Lake City, AR, topping out at $1,595,261.00 and the cheapest home in Lake City, AR, clocking in at $10,015.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake City, AR!

Rent Prices In Lake City, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake City, AR, is on a rollercoaster ride. The average rent price in Lake City, AR, is $886.00. Indeed, when looking to rent in Lake City, AR, you can expect to pay as little as $530.00 or as much as $1,820.00, with the average rent median estimated to be $840.00. The good news is that finding an affordable and desirable property to rent in Lake City, 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.

Lake City, AR 72437 Condos


Market Trend for Lake City, AR

Total Listings Available: 0

Market Values:

Home Prices from $10,015 to $1,595,261

Average Sales Price: $157,440

Rental Values:

Rental from $530 to $1,820

Average Rent Value: $886 / month

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