There are currently 5,766 real estate properties in West Memphis, AR, with a median automated valuation model (AVM) price of $92,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in West Memphis, 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 West Memphis, AR, is $112,131.00, with the most expensive house in West Memphis, AR, topping out at $2,400,000.00 and the cheapest home in West Memphis, AR, clocking in at $11,600.00. In other words, there’s something for every potential homebuyer or savvy investor in West Memphis, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in West Memphis, AR, is on a rollercoaster ride. The average rent price in West Memphis, AR, is $963.00. Indeed, when looking to rent in West Memphis, AR, you can expect to pay as little as $510.00 or as much as $2,420.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in West Memphis, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the West Memphis, AR area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in West Memphis, AR and much more. Save thousands at closing with home foreclosure listings in West Memphis, AR — up to 75% off market value!
West Memphis is located in Crittenden, Arkansas, with an estimated municipal population of 24,402 residents. All of the best foreclosed homes for sale in West Memphis are located in the following zip code areas on Foreclosure.com: 72301 72364 72303. The estimated population per square kilometer (.62 miles) in West Memphis is 326.
So, about how much do homes cost in West Memphis? The most recent median value of resident-owned homes in West Memphis is 86,615. An estimated 48.7 percent of households in West Memphis own their homes, with an average family size of 3.12. The median household income in West Memphis is 33,103, with10.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in West Memphis, the median commute time of resident workers (in minutes) is 18.1. And last, but certainly not least, are you looking for homes to rent in West Memphis? If so, the average rent price paid by renters in West Memphis is 707, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to West Memphis, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in West Memphis is 33.3, split between 45 percent male versus 55 female. The percentage of residents who report being married in West Memphis is 32.9, with an average family size of 3.12.
The percentage of residents who report their race in West Memphis is as follows:
|Black / African American||58%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near West Memphis? Or maybe you are searching for 55+ active adult communities in and/or near West Memphis?
The percentage of residents who report their age in West Memphis is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in West Memphis with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in West Memphis.
How do you know that living in -- or moving to -- West Memphis is right where you need to be? Perhaps you grew up in West Memphis or already live nearby; therefore, the decision to buy a home in West Memphis is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to West Memphis for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in West Memphis:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like West Memphis.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in West Memphis can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in West Memphis, meanwhile, can field multiple offers from more qualified buyers.