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Foreclosures in Melbourne, AR 72556

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Melbourne, AR Foreclosures

How much do homes sell for in Melbourne, AR?
The average home price is currently $170,028.
In Melbourne, AR, how many homes are available?
There are currently 1 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, AR?
The average rental price in Melbourne is $915.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $1,173,400.
What is currently the cheapest priced home in Melbourne, AR?
The cheapest home for sale in Melbourne is priced at $10,023.

Living in Melbourne, AR

Melbourne, Arkansas is a quaint town nestled in the Ozarks, known for its beautiful scenery and friendly community. With an array of outdoor activities and local amenities, it's a great location for those seeking a peaceful lifestyle. The town’s rich cultural connections and small-town charm make it ideal for families and individuals looking to settle down.

Current Market Conditions in Melbourne, AR

The real estate market in Melbourne has shown stability, with a consistent demand for single-family homes. The town's appealing rural lifestyle continues to attract buyers looking for affordable housing options without compromising on quality of life.

Prices in Melbourne have remained relatively low compared to urban areas, and the market is characterized by a mix of older properties and newer constructions. Potential buyers appreciate the reasonable pricing coupled with the scenic beauty of the region.

Home Value Estimator For Melbourne, AR

There are currently 889 real estate properties in Melbourne, AR, with a median automated valuation model (AVM) price of $135,046.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melbourne, 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 Melbourne, AR, is $170,028.00, with the most expensive house in Melbourne, AR, topping out at $1,173,400.00 and the cheapest home in Melbourne, AR, clocking in at $10,023.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, AR!

Rent Prices In Melbourne, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, AR, is on a rollercoaster ride. The average rent price in Melbourne, AR, is $915.00. Indeed, when looking to rent in Melbourne, AR, you can expect to pay as little as $520.00 or as much as $1,920.00, with the average rent median estimated to be $870.00. The good news is that finding an affordable and desirable property to rent in Melbourne, 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.

Melbourne, AR 72556 Foreclosures

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