Arkansas Real Estate

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Commonly Asked Questions about Arkansas Real Estate

What is the average house cost in Arkansas?

$210,371. The average Arkansas home value is $210,371, up 2.9% over the past year and goes to pending in around 28 days.

What is the average cost of living in the state of Arkansas?

June 20, 2024 at 5:34 p.m. Arkansas is near the top of a list of least expensive states to live in based on housing prices and utility costs. The state ranks as the second cheapest with an average monthly cost of living of $1,762, about 17% below the national average, ing to Doxo, an online bill payment service.

What is the average price of a house in Arkansas?

There are currently 14,769 homes for sale in Arkansas. The median list price in Arkansas is $299,000 and the average price per square foot is $153.

Are home prices dropping in Arkansas?

The median home price in Arkansas in April 2024 was $256,300. This number is 8.7% higher than last year, ing to Redfins monthly housing data. Certain areas of Arkansas have slightly higher rates.

Why is Arkansas housing so cheap?

New Supply Statistics In 2021, there were 4.69 new residential construction permits per 1,000 people in Arkansas. A greater housing supply means more opportunity and choice for buyers, as well as more affordable pricing.

Is Arkansas good state to live?

Arkansas is a great place to live for people who are looking for a low cost of living, natural beauty, friendly people, and a strong job market. Its also a good option for people who are looking for a more relaxed lifestyle - everything is just more laid back here!

Why is Arkansas so cheap to live?

Residents in Arkansas have relatively low bills and the rent and mortgage expenses drive the low cost of living compared to other states. West Virginia beat out Arkansas with an average monthly bill cost of $1,596, more than 25% below the national average for utilities.

What are house rates in Arkansas?

Todays 30-year fixed mortgage rates Conventional fixed-rate loans. Term. 6.375% Conforming adjustable-rate mortgage (ARM) loans. Term. 6.375% Jumbo adjustable-rate mortgage (ARM) loans. Term. 6.250% Federal Housing Administration (FHA) loans. Term. 6.250% Veterans Affairs (VA) loans. Term. 6.125% Jumbo loans. Term. 6.500%