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Foreclosures in Mena, AR

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Mena, AR Foreclosures

How much do homes sell for in Mena, AR?
The average home price is currently $205,368.
In Mena, AR, how many homes are available?
There are currently 3 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 $2,923,941.
What is currently the cheapest priced home in Mena, AR?
The cheapest home for sale in Mena is priced at $10,197.

Living in Mena, AR

Mena, AR, is a picturesque city nestled in the Ouachita Mountains, renowned for its natural beauty and outdoor recreation. With a welcoming community and a variety of local amenities, Mena provides a quaint yet vibrant lifestyle for its residents. Enjoy a small-town atmosphere while being close to nature's splendor.

Current Market Conditions in Mena, AR

The real estate market in Mena, AR, has shown steady growth over the past year, with an increase in demand for homes as more people seek out the tranquility and beauty of mountain living. Interest in the area has been driven by the influx of families and retirees looking for affordable housing options combined with a serene lifestyle. Home prices have generally increased, but the market remains accessible to first-time buyers.

Several new developments have emerged, indicating a positive outlook for the housing market in Mena. Investors find the area appealing due to its potential for appreciation in property values, alongside the allure of outdoor recreational opportunities.

Home Value Estimator For Mena, AR

There are currently 6,333 real estate properties in Mena, AR, with a median automated valuation model (AVM) price of $163,311.00. 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 $205,368.00, with the most expensive house in Mena, AR, topping out at $2,923,941.00 and the cheapest home in Mena, AR, clocking in at $10,197.00. 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 Foreclosures


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