Preforeclosure Homes in Prescott, AR 71857

Current Market Conditions in Prescott, AR

The Prescott real estate market is relatively stable, with a variety of housing options from quaint bungalows to spacious family homes. Recent trends show a steady demand for affordable homes in the area, attracting first-time buyers and retirees. The market is beginning to see a slight uptick in home values as more people look to relocate to small towns like Prescott for a slower-paced lifestyle.

As of late 2023, Prescott is experiencing moderate market pressure due to increasing interest in rural living. Investors are looking at Prescott for potential rental properties, and the town’s affordable prices compared to larger cities add to its appeal. Over the past few months, an increase in listings suggests that more homeowners are choosing to sell, responding to this rising demand.

Rent Prices In Prescott, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prescott, AR, is on a rollercoaster ride. The average rent price in Prescott, AR, is $855.00. Indeed, when looking to rent in Prescott, AR, you can expect to pay as little as $520.00 or as much as $2,100.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Prescott, 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.