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Foreclosure Homes in Mena, AR 71953

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Mena, AR Foreclosures

How much do homes sell for in Mena, AR?
The average home price is currently $205,659.
In Mena, AR, how many homes are available?
There are currently 8 active home listings available in Mena.
What’s the average rental cost in Mena, AR?
The average rental price in Mena is $979.
What is the most expensive home in Mena?
The most expensive home sold in Mena had a price of $3,114,752.
What is currently the cheapest priced home in Mena, AR?
The cheapest home for sale in Mena is priced at $11,050.

Living in Mena, AR

Mena, Arkansas is a charming small town nestled in the Ouachita Mountains, known for its stunning natural beauty and friendly community. With outdoor recreational activities, local events, and beautiful parks, Mena offers a relaxed lifestyle that attracts families and retirees. The city's quaint downtown area is filled with shops and dining options, providing a perfect blend of nature and community spirit.

Current Market Conditions in Mena, AR

The real estate market in Mena is currently experiencing steady demand, with a surge in interest from buyers seeking a quieter lifestyle away from urban centers. Home prices are moderately priced, making it an attractive option for first-time homebuyers and investors alike.

Current trends indicate a growing appreciation for homes with outdoor spaces, as more people prioritize work-from-home arrangements and require additional room for relaxation and recreation. The market is characterized by a balance of affordable homes and luxury listings catering to various buyers.

Home Value Estimator For Mena, AR

There are currently 4,508 real estate properties in Mena, AR, with a median automated valuation model (AVM) price of $171,011.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mena, 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 Mena, AR, is $205,659.00, with the most expensive house in Mena, AR, topping out at $3,114,752.00 and the cheapest home in Mena, AR, clocking in at $11,050.00. In other words, there’s something for every potential homebuyer or savvy investor in Mena, AR!

Rent Prices In Mena, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mena, AR, is on a rollercoaster ride. The average rent price in Mena, AR, is $979.00. Indeed, when looking to rent in Mena, AR, you can expect to pay as little as $430.00 or as much as $2,240.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Mena, 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.

Mena, AR 71953 Foreclosures


Market Trend for Mena, AR

Total Listings Available: 8

Market Values:

Home Prices from $11,050 to $3,114,752

Average Sales Price: $205,659

Rental Values:

Rental from $430 to $2,240

Average Rent Value: $979 / month

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