Portland, AR Foreclosures
How much do homes sell for in Portland, AR?
The average home price is currently $139,069.
What’s the average rental cost in Portland, AR?
The average rental price in Portland is $882.
What is the most expensive home in Portland?
The most expensive home sold in Portland had a price of $1,019,850.
What is currently the cheapest priced home in Portland, AR?
The cheapest home for sale in Portland is priced at $8,118.
Living in Portland, AR
Portland, Arkansas, is a quaint town surrounded by natural beauty and friendly faces. With its serene lifestyle, family-friendly atmosphere, and access to outdoor activities, it offers an appealing setting for a relaxed life. Residents benefit from a strong community spirit, quality education, and local amenities that enrich their daily lives.
Current Market Conditions in Portland, AR
The real estate market in Portland, AR, has been relatively stable in recent months, with a modest increase in home prices as demand remains steady. Buyers are drawn to the town for its affordable housing options and appealing rural lifestyle. However, inventory has tightened slightly, resulting in more competition among buyers, particularly for single-family homes.
Recent trends show that homes in Portland sell quickly, often within a matter of weeks, especially those that are move-in ready. Many new families and retirees are looking to settle in the area, contributing to the ongoing demand and driving up home prices, albeit gradually.
Home Value Estimator For Portland, AR
There are currently 219 real estate properties
in Portland, AR,
with a median automated valuation model (AVM) price
of $87,836.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Portland, 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 Portland, AR,
is $139,069.00, with the most expensive house
in Portland, AR, topping out
at $1,019,850.00 and the cheapest home
in Portland, AR,
clocking in at $8,118.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Portland, AR!
Rent Prices
In Portland, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Portland, AR, is on
a rollercoaster ride. The
average rent price in Portland, AR,
is $882.00. Indeed, when looking to rent in
Portland, AR, you can expect to pay as little
as $520.00 or as much
as $1,800.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Portland, 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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