Lake City, AR Foreclosures
How much do homes sell for in Lake City, AR?
The average home price is currently $165,167.
In Lake City, AR, how many homes are available?
There are currently 11 active home listings available in Lake City.
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 $1,751,000.
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, AR is a charming small town characterized by its friendly community, beautiful natural surroundings, and accessible amenities. It offers a peaceful lifestyle with bustling local businesses, excellent schools, and ample opportunities for outdoor activities. Residents enjoy the tranquility of rural living while being conveniently located near urban conveniences.
Current Market Conditions in Lake City, AR
The current real estate market in Lake City, AR, is showing signs of stability with a gradual increase in home prices. Interest from buyers has been steady, leading to a decrease in inventory levels, which is driving up competition for available properties. As a result, homes in desirable neighborhoods are receiving multiple offers, indicating a healthy demand for real estate in the area.
The past year has seen a notable shift in market dynamics, with a significant rise in prices, particularly for single-family homes. The affordability of Lake City compared to neighboring towns has drawn in new buyers, particularly families and young professionals. Overall, the area is becoming an attractive option for those seeking a balance between affordability and quality of life.
Home Value Estimator For Lake City, AR
There are currently 1,392 real estate properties
in Lake City, AR,
with a median automated valuation model (AVM) price
of $144,327.00. 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 $165,167.00, with the most expensive house
in Lake City, AR, topping out
at $1,751,000.00 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.
Learn more on Foreclosure homes
