Living in Little Rock, MS
Little Rock, MS, combines urban living with natural beauty, offering a low cost of living and excellent schools. Known for its friendly community and vibrant culture, residents enjoy a variety of recreational activities and amenities. Prospective homeowners will find a diverse real estate market catering to different budgets and lifestyles.
Current Market Conditions in Little Rock, MS
The real estate market in Little Rock is currently experiencing a steady increase in demand, with affordable housing attracting both first-time homebuyers and investors. The local economy is bolstered by sectors such as healthcare and education, contributing to a positive outlook for property values in the coming years.
With new developments and revitalization projects in the pipeline, Little Rock is poised for growth, making it an appealing option for real estate investors looking for opportunities in emerging markets.
Home Value Estimator For Little Rock, MS
There are currently 482 real estate properties
in Little Rock, MS,
with a median automated valuation model (AVM) price
of $119,574.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Little Rock, MS, 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 Little Rock, MS,
is $145,396.00, with the most expensive house
in Little Rock, MS, topping out
at $669,197.00 and the cheapest home
in Little Rock, MS,
clocking in at $11,900.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Little Rock, MS!
Rent Prices
In Little Rock, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Little Rock, MS, is on
a rollercoaster ride. The
average rent price in Little Rock, MS,
is $1,027.00. Indeed, when looking to rent in
Little Rock, MS, you can expect to pay as little
as $530.00 or as much
as $1,770.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Little Rock, MS
-- 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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