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Rent To Own Homes in West Memphis, AR

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West Memphis, AR Foreclosures

How much do homes sell for in West Memphis, AR?
The average home price is currently $139,206.
In West Memphis, AR, how many homes are available?
There are currently 13 active home listings available in West Memphis.
What’s the average rental cost in West Memphis, AR?
The average rental price in West Memphis is $936.
What is the most expensive home in West Memphis?
The most expensive home sold in West Memphis had a price of $10,428,805.
What is currently the cheapest priced home in West Memphis, AR?
The cheapest home for sale in West Memphis is priced at $8,125.

Living in West Memphis, AR

West Memphis, AR, is a vibrant city with strong community ties and excellent access to the rich cultural offerings of the nearby city of Memphis. The area boasts diverse amenities, a focus on education, and plenty of outdoor spaces. Strong transportation links make it an ideal locale for those looking to balance urban and suburban living.

Current Market Conditions in West Memphis, AR

The real estate market in West Memphis has shown resilience over the past year, with home prices steadily increasing. The demand for affordable housing has led to a competitive environment, particularly among first-time homebuyers. Additionally, investors are drawn to the area due to its potential for rental income and appreciation rates that have outpaced many surrounding regions.

Recent trends indicate that single-family homes are the most sought after, potentially increasing in value as nearby developments progress. However, the availability of homes in the mid-range price bracket remains limited, which could create pressure on prices moving forward.

Home Value Estimator For West Memphis, AR

There are currently 7,434 real estate properties in West Memphis, AR, with a median automated valuation model (AVM) price of $114,865.00. 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 $139,206.00, with the most expensive house in West Memphis, AR, topping out at $10,428,805.00 and the cheapest home in West Memphis, AR, clocking in at $8,125.00. In other words, there’s something for every potential homebuyer or savvy investor in West Memphis, AR!

Rent Prices 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 $936.00. Indeed, when looking to rent in West Memphis, AR, you can expect to pay as little as $500.00 or as much as $2,420.00, with the average rent median estimated to be $890.00. 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.

West Memphis, AR Rent To Own Homes

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