Living in Mcgehee, AR
McGehee, Arkansas is a charming small town known for its rich agricultural heritage and friendly community atmosphere. The town is located in the southeastern part of the state, offering a quiet lifestyle with easy access to nature, local parks, and recreational activities. Residents enjoy a strong sense of community, with local events and gatherings fostering connections among neighbors.
Current Market Conditions in Mcgehee, AR
The real estate market in McGehee has shown steady growth over the past year, with an increasing interest from potential homebuyers seeking affordable living in a tight-knit community. The market is primarily driven by local residents, as well as individuals looking for a peaceful retreat in a rural setting. Homes in the area typically offer good value, catering to families and first-time buyers alike.
Recently, new construction has begun to emerge, contributing to the available options in the housing market. This trend indicates a positive outlook for future developments, as well as a confidence in the area’s economic stability and community spirit.
Home Value Estimator For Mcgehee, AR
There are currently 494 real estate properties
in Mcgehee, AR,
with a median automated valuation model (AVM) price
of $67,244.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mcgehee, 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 Mcgehee, AR,
is $90,392.00, with the most expensive house
in Mcgehee, AR, topping out
at $380,135.00 and the cheapest home
in Mcgehee, AR,
clocking in at $3,244.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mcgehee, AR!
Rent Prices
In Mcgehee, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mcgehee, AR, is on
a rollercoaster ride. The
average rent price in Mcgehee, AR,
is $818.00. Indeed, when looking to rent in
Mcgehee, AR, you can expect to pay as little
as $520.00 or as much
as $1,720.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Mcgehee, 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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