West Memphis, AR Foreclosures
How much do homes sell for in West Memphis, AR?
The average home price is currently $140,701.
In West Memphis, AR, how many homes are available?
There are currently 79 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 $10,545,833.
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 friendly city located just across the Mississippi River from Memphis, TN. Known for its affordability and strong community spirit, West Memphis offers a unique combination of local charm and urban conveniences. With various parks, schools, and amenities, it is an ideal location for families and individuals alike.
Current Market Conditions in West Memphis, AR
The real estate market in West Memphis is currently experiencing a steady increase in home sales, especially for single-family homes. With affordable housing prices compared to nearby Memphis, the area has attracted more first-time buyers and investors looking for rental properties. Current trends indicate a growing interest in the West Memphis housing market, with a slight increase in property values as the area gains more recognition.
Due to its proximity to Memphis and its affordability, West Memphis is seeing an influx of buyers. Properties are moving quickly, and there's a competitive landscape for desirable homes, particularly those under $200,000. Overall, the market remains balanced with moderate appreciation rates.
Home Value Estimator For West Memphis, AR
There are currently 7,435 real estate properties
in West Memphis, AR,
with a median automated valuation model (AVM) price
of $120,199.00. 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 $140,701.00, with the most expensive house
in West Memphis, AR, topping out
at $10,545,833.00 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.
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