There are currently 196 real estate properties in Ravenden Springs, AR, with a median automated valuation model (AVM) price of $106,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ravenden 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 Ravenden Springs, AR, is $155,863.00, with the most expensive house in Ravenden Springs, AR, topping out at $1,101,101.00 and the cheapest home in Ravenden Springs, AR, clocking in at $12,860.00. In other words, there’s something for every potential homebuyer or savvy investor in Ravenden Springs, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ravenden Springs, AR, is on a rollercoaster ride. The average rent price in Ravenden Springs, AR, is $899.00. Indeed, when looking to rent in Ravenden Springs, AR, you can expect to pay as little as $520.00 or as much as $1,870.00, with the average rent median estimated to be $820.00. The good news is that finding an affordable and desirable property to rent in Ravenden 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.
Ravenden Springs is located in Randolph, Arkansas, with an estimated municipal population of 121 residents. All of the best foreclosed homes for sale in Ravenden Springs are located in the following zip code areas on Foreclosure.com: 72460. The estimated population per square kilometer (.62 miles) in Ravenden Springs is 40.
So, about how much do homes cost in Ravenden Springs? The most recent median value of resident-owned homes in Ravenden Springs is 48,208. An estimated 52.2 percent of households in Ravenden Springs own their homes, with an average family size of 3.23. The median household income in Ravenden Springs is 25,156, with4.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ravenden Springs, the median commute time of resident workers (in minutes) is 33.2. And last, but certainly not least, are you looking for homes to rent in Ravenden Springs? If so, the average rent price paid by renters in Ravenden Springs is 480, 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 Ravenden 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 Ravenden Springs is 46.6, split between 59 percent male versus 41 female. The percentage of residents who report being married in Ravenden Springs is 54.9, with an average family size of 3.23.
The percentage of residents who report their race in Ravenden Springs is as follows:
White | 100% |
Black / African American | 0% |
Asian | 0% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 0% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near Ravenden Springs? Or maybe you are searching for 55+ active adult communities in and/or near Ravenden Springs?
The percentage of residents who report their age in Ravenden Springs is as follows:
Under 10 | 7.5% |
Aged 10-19 | 18.5% |
20s | 5.7% |
30s | 7.5% |
40s | 19.6% |
50s | 21.4% |
60s | 11% |
70s | 7% |
80+ | 1.8% |
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 Ravenden Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ravenden Springs.
How do you know that living in -- or moving to -- Ravenden Springs is right where you need to be? Perhaps you grew up in Ravenden Springs or already live nearby; therefore, the decision to buy a home in Ravenden Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ravenden 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 Ravenden Springs:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ravenden Springs.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ravenden Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ravenden Springs, meanwhile, can field multiple offers from more qualified buyers.
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