Arkansas Real Estate Market Trends & Analysis

The Arkansas real estate market is amongst the most affordable markets in the country. With an attractively low price-to-rent ratio, the majority of real estate in Arkansas is actually cheaper to own than to rent. That, combined with an improving economy and promising job growth opportunities, should facilitate increasing demand for the foreseeable future.

Perhaps even more importantly, prices will rise, which bodes well for local investors. If for nothing else, real estate is still relatively affordable, and investors who get into the market sooner rather than later could benefit from rising home prices

Arkansas Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Title Agents, Attorneys
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Judicial & Non-Judicial
Process Period: 4 - 5 months
Notice of Sale: Trustee
Redemption Period: Up to 12 Months

Taxes

Income Tax: 0.9% - 6.9%
Corporate Tax: 1 - 6.5%
Sales Tax: 6.50%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 0.52%
Property Taxes by County: http://www.tax-rates.org/arkansas/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,420
Transfer Fee: 0.33%
Origination Fee: $1,815.00

Overview

  • Median Home Value: $127,400
  • 1-Year Appreciation Rate: +4.7%
  • Median Home Value (1-Year Forecast): +2.4%
  • Median Rent Price: $1,100
  • Price-To-Rent Ratio: 9.65
  • Average Days On Market: 74
  • Percent With Negative Equity: 14.1%
  • Unemployment Rate: 3.4% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 3,013,825 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $43,813 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 14.09%
  • Foreclosure Rate: 1 in every 6,735

Arkansas Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Deed State
  • Redemption Period: 3 Years