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There are currently 221 real estate properties in Oak Grove, AR, with a median automated valuation model (AVM) price of $122,068.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oak Grove, 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 Oak Grove, AR, is $188,075.00, with the most expensive house in Oak Grove, AR, topping out at $4,691,600.00 and the cheapest home in Oak Grove, AR, clocking in at $38,404.00. In other words, there’s something for every potential homebuyer or savvy investor in Oak Grove, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Grove, AR, is on a rollercoaster ride. The average rent price in Oak Grove, AR, is $905.00. Indeed, when looking to rent in Oak Grove, AR, you can expect to pay as little as $510.00 or as much as $1,940.00, with the average rent median estimated to be $840.00. The good news is that finding an affordable and desirable property to rent in Oak Grove, 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.
Oak Grove is located in Carroll, Arkansas, with an estimated municipal population of 395 residents. All of the best foreclosed homes for sale in Oak Grove are located in the following zip code areas on Foreclosure.com: 72638 72660. The estimated population per square kilometer (.62 miles) in Oak Grove is 52.
So, about how much do homes cost in Oak Grove? The most recent median value of resident-owned homes in Oak Grove is 82,129. An estimated 66 percent of households in Oak Grove own their homes, with an average family size of 3.59. The median household income in Oak Grove is 36,250, with8.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oak Grove, the median commute time of resident workers (in minutes) is 24.8. And last, but certainly not least, are you looking for homes to rent in Oak Grove? If so, the average rent price paid by renters in Oak Grove is 635, 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 Oak Grove, 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 Oak Grove is 39.5, split between 46.2 percent male versus 53.8 female. The percentage of residents who report being married in Oak Grove is 51.5, with an average family size of 3.59.
The percentage of residents who report their race in Oak Grove is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Oak Grove? Or maybe you are searching for 55+ active adult communities in and/or near Oak Grove?
The percentage of residents who report their age in Oak Grove 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 Oak Grove with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oak Grove.
How do you know that living in -- or moving to -- Oak Grove is right where you need to be? Perhaps you grew up in Oak Grove or already live nearby; therefore, the decision to buy a home in Oak Grove is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oak Grove 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 Oak Grove:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oak Grove.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oak Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oak Grove, meanwhile, can field multiple offers from more qualified buyers.
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