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  1. Feb 29, 2024 · 4. High Sales Tax. Arkansas has the 3rd highest combined state and local sales tax in America. And I can say from first hand experiencec, living in Arkansas, the high sales tax is a tangible pinch on every purchase. Here, the state sales tax rate is 6.5%, but with local taxes, it can climb to over 11% in some areas.

  2. Sep 22, 2023 · One of the biggest draws to Arkansas is affordable living. Arkansas has been ranked by Entrepreneur magazine as the second most affordable state in the nation. U.S. World News & Report ranks Arkansas as #4 for cost of living and #3 for housing affordability. Forbes values the total cost of living in Arkansas at $32,979.

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  4. Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures. New Mexico Real Estate Licenses. TREC: Info About Brokerage Services, Consumer Protection Notice. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

  5. Sep 28, 2023 · 1. Affordable cost of living. Arkansas boasts a cost of living that’s notably below the national average. Housing stands out with a median sale price of $252,000, which is significantly lower than the national median at $420,846. Daily expenses, encompassing groceries, transportation, and healthcare, further reflect this economic advantage.

  6. Arkansas Real Estate There are currently 13,110 homes for sale in Arkansas. The median list price in Arkansas is $299,900 and the average price per square foot is $150.

  7. Mar 6, 2024 · Predictions for the Arkansas real estate market in 2024 remain optimistic, with expectations of continued job growth and economic stability. Analysts forecast that home prices may continue to ascend, albeit at a potentially more moderate pace compared to previous years. Market Supply: A manageable level of housing inventory could maintain a ...

  8. Feb 6, 2024 · Arkansas Real Estate Market Statistics. Average Home Prices: The average median home price in Arkansas is $238,400, up by 5.2% YoY. In 2024, the median sale price will keep increasing marginally due to AR’s tight inventory. Home Sales: As per January 2024 data, home sales increased by 4% YoY!

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