Living in Lexa, AR
Lexa, AR is a small, close-knit community located in the southeastern part of the state, characterized by its Southern hospitality and rich history. The town provides a serene environment perfect for families and individuals seeking a peaceful lifestyle while being in proximity to larger urban areas. With outdoor activities, community events, and a focus on education, Lexa offers a fulfilling place to live.
Current Market Conditions in Lexa, AR
The current real estate market in Lexa is showing signs of growth, with an increase in demand for housing as more people seek the tranquility and charm of small-town living. Properties tend to be priced competitively, attracting buyers looking for both spacious homes and investment opportunities in the area.
Real estate trends indicate a rise in home prices over the past few months, as the local economy shows growth and more families look to settle in Lexa. Sellers can expect a favorable market with properties moving relatively quickly.
First-time homebuyers are increasingly interested in Lexa, given its affordability compared to larger cities nearby. This trend signifies a potential for further growth in property values as more people discover the benefits of living in this friendly community.
Home Value Estimator For Lexa, AR
There are currently 678 real estate properties
in Lexa, AR,
with a median automated valuation model (AVM) price
of $83,051.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lexa, 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 Lexa, AR,
is $115,280.00, with the most expensive house
in Lexa, AR, topping out
at $664,726.00 and the cheapest home
in Lexa, AR,
clocking in at $1,097.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lexa, AR!
Rent Prices
In Lexa, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lexa, AR, is on
a rollercoaster ride. The
average rent price in Lexa, AR,
is $852.00. Indeed, when looking to rent in
Lexa, AR, you can expect to pay as little
as $520.00 or as much
as $2,110.00,
with the average rent median estimated to
be $800.00. The good news is that finding
an affordable and desirable property to rent in Lexa, 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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