Russell, AR Foreclosures
How much do homes sell for in Russell, AR?
The average home price is currently $126,482.
What’s the average rental cost in Russell, AR?
The average rental price in Russell is $902.
What is the most expensive home in Russell?
The most expensive home sold in Russell had a price of $348,700.
What is currently the cheapest priced home in Russell, AR?
The cheapest home for sale in Russell is priced at $47,109.
Living in Russell, AR
Russell, Arkansas is a quaint and inviting small town known for its friendly community and laid-back lifestyle. Surrounded by the natural beauty of forests and lakes, it offers a wide array of outdoor activities. With its accessible amenities and strong sense of community, Russell is ideal for families, retirees, and nature enthusiasts alike.
Current Market Conditions in Russell, AR
The real estate market in Russell, Arkansas is currently demonstrating a stable trend with a gradual increase in home values. The area has attracted interest due to its affordability, with many buyers looking for homes in a serene environment. Properties tend to sell relatively quickly, particularly those that offer seasonal views or are located near the water, as outdoor recreational activities are highly sought after by new residents.
Currently, there is a balanced inventory of homes on the market, which suggests that sellers are achieving reasonable offers without excessive delays in sales. The market remains competitive, but it is also accessible for first-time homebuyers seeking value and quality. As more people are looking to migrate to smaller towns for a better quality of life, Russell stands to benefit from this trend.
Home Value Estimator For Russell, AR
There are currently 14 real estate properties
in Russell, AR,
with a median automated valuation model (AVM) price
of $74,900.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Russell, 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 Russell, AR,
is $126,482.00, with the most expensive house
in Russell, AR, topping out
at $348,700.00 and the cheapest home
in Russell, AR,
clocking in at $47,109.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Russell, AR!
Rent Prices
In Russell, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Russell, AR, is on
a rollercoaster ride. The
average rent price in Russell, AR,
is $902.00. Indeed, when looking to rent in
Russell, AR, you can expect to pay as little
as $580.00 or as much
as $1,340.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Russell, 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.
Learn more on Foreclosure homes
