Bankruptcy Homes in Gum Springs, AR

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Home Value Estimator For Gum Springs, AR

There are currently 7 real estate properties in Gum Springs, AR, with a median automated valuation model (AVM) price of $45,530.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gum Springs, 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 Gum Springs, AR, is $74,991.00, with the most expensive house in Gum Springs, AR, topping out at $237,000.00 and the cheapest home in Gum Springs, AR, clocking in at $33,070.00. In other words, there’s something for every potential homebuyer or savvy investor in Gum Springs, AR!

Rent Prices In Gum Springs, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gum Springs, AR, is on a rollercoaster ride. The average rent price in Gum Springs, AR, is $823.00. Indeed, when looking to rent in Gum Springs, AR, you can expect to pay as little as $580.00 or as much as $1,230.00, with the average rent median estimated to be $770.00. The good news is that finding an affordable and desirable property to rent in Gum Springs, 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.

Top Reasons To Live In Gum Springs, AR In 2024

Gum Springs is located in Clark, Arkansas, with an estimated municipal population of 113 residents. All of the best foreclosed homes for sale in Gum Springs are located in the following zip code areas on 71923. The estimated population per square kilometer (.62 miles) in Gum Springs is 111.

Cost Of Living In Gum Springs, AR

So, about how much do homes cost in Gum Springs? The most recent median value of resident-owned homes in Gum Springs is 123,800. An estimated 58.5 percent of households in Gum Springs own their homes, with an average family size of 3.67. The median household income in Gum Springs is 38,661, with5.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gum Springs, the median commute time of resident workers (in minutes) is 14.6. And last, but certainly not least, are you looking for homes to rent in Gum Springs? If so, the average rent price paid by renters in Gum Springs is 756, according to recent statistics.

Diversity And Demographics In Gum Springs, Arkansas

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 Gum Springs, 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 Gum Springs is 36.1, split between 45.5 percent male versus 54.5 female. The percentage of residents who report being married in Gum Springs is 37.4, with an average family size of 3.67.

The percentage of residents who report their race in Gum Springs is as follows:

White 18.7%
Black / African American 48.5%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 32.8%

Looking for family-friendly neighborhoods in and/or near Gum Springs? Or maybe you are searching for 55+ active adult communities in and/or near Gum Springs?

The percentage of residents who report their age in Gum Springs is as follows:

Under 10 7.5%
Aged 10-19 31.4%
20s 10.4%
30s 11.9%
40s 17.2%
50s 7.5%
60s 6.7%
70s 5.2%
80+ 2.2%

Best Schools In Gum Springs, Arkansas

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 Gum Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gum Springs.

Pros And Cons Of Living In Gum Springs, Arkansas

How do you know that living in -- or moving to -- Gum Springs is right where you need to be? Perhaps you grew up in Gum Springs or already live nearby; therefore, the decision to buy a home in Gum Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gum Springs 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 Gum Springs:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gum Springs.

Reasons To Move To Gum Springs, Arkansas, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gum Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gum Springs, meanwhile, can field multiple offers from more qualified buyers.

Gum Springs, AR Bankruptcy Homes


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