There are currently 3,276 real estate properties in LONOKE, AR, with a median automated valuation model (AVM) price of $125,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in LONOKE, 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 LONOKE, AR, is $145,709.00, with the most expensive house in LONOKE, AR, topping out at $2,300,000.00 and the cheapest home in LONOKE, AR, clocking in at $20,700.00. In other words, there’s something for every potential homebuyer or savvy investor in LONOKE, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in LONOKE, AR, is on a rollercoaster ride. The average rent price in LONOKE, AR, is $1,069.00. Indeed, when looking to rent in LONOKE, AR, you can expect to pay as little as $430.00 or as much as $2,600.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in LONOKE, 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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