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Bankruptcy Homes in Melbourne, AR

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Melbourne, AR Foreclosures

How much do homes sell for in Melbourne, AR?
The average home price is currently $184,025.
In Melbourne, AR, how many homes are available?
There are currently 3 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 $1,809,615.
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, AR, is a picturesque town surrounded by the natural beauty of the Ozarks. Known for its friendly community and vibrant local culture, it offers outdoor enthusiasts access to hiking and fishing. With a range of amenities and a peaceful atmosphere, Melbourne is an ideal place for those looking to settle down in a charming environment.

Current Market Conditions in Melbourne, AR

Currently, the real estate market in Melbourne is stable, with a slight increase in home values over the past few months. Many homes in the area are reasonably priced, making it an attractive option for young families and retirees alike. The demand for properties has been consistent, particularly among those seeking quiet, rural living while remaining within reach of urban facilities in nearby towns.

Trends indicate a growing interest in properties that offer both land and proximity to natural features. New listings tend to attract multiple offers, as buyers appreciate the balance of affordable housing and scenic surroundings.

Home Value Estimator For Melbourne, AR

There are currently 1,805 real estate properties in Melbourne, AR, with a median automated valuation model (AVM) price of $143,741.00. 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 $184,025.00, with the most expensive house in Melbourne, AR, topping out at $1,809,615.00 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 Bankruptcy Homes

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