There are currently 1,383 real estate properties in Forrest City, AR, with a median automated valuation model (AVM) price of $93,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Forrest City, 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 Forrest City, AR, is $110,978.00, with the most expensive house in Forrest City, AR, topping out at $1,000,800.00 and the cheapest home in Forrest City, AR, clocking in at $14,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Forrest City, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Forrest City, AR, is on a rollercoaster ride. The average rent price in Forrest City, AR, is $947.00. Indeed, when looking to rent in Forrest City, AR, you can expect to pay as little as $450.00 or as much as $2,130.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Forrest City, 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 Forrest City, AR area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Forrest City, AR and much more. Save thousands at closing with home foreclosure listings in Forrest City, AR — up to 75% off market value!
Forrest City is located in St. Francis, Arkansas, with an estimated municipal population of 13,820 residents. All of the best foreclosed homes for sale in Forrest City are located in the following zip code areas on Foreclosure.com: 72322 72335 72336. The estimated population per square kilometer (.62 miles) in Forrest City is 263.
So, about how much do homes cost in Forrest City? The most recent median value of resident-owned homes in Forrest City is 62,763. An estimated 42.6 percent of households in Forrest City own their homes, with an average family size of 3.23. The median household income in Forrest City is 30,817, with5.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Forrest City, the median commute time of resident workers (in minutes) is 17. And last, but certainly not least, are you looking for homes to rent in Forrest City? If so, the average rent price paid by renters in Forrest City is 631, 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 Forrest City, 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 Forrest City is 36.1, split between 57.4 percent male versus 42.6 female. The percentage of residents who report being married in Forrest City is 26.8, with an average family size of 3.23.
The percentage of residents who report their race in Forrest City is as follows:
|Black / African American||71.6%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0.3%|
Looking for family-friendly neighborhoods in and/or near Forrest City? Or maybe you are searching for 55+ active adult communities in and/or near Forrest City?
The percentage of residents who report their age in Forrest City 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 Forrest City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Forrest City.
How do you know that living in -- or moving to -- Forrest City is right where you need to be? Perhaps you grew up in Forrest City or already live nearby; therefore, the decision to buy a home in Forrest City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Forrest City 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 Forrest City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Forrest City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Forrest City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Forrest City, meanwhile, can field multiple offers from more qualified buyers.
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