Come to Little Rock, Arkansas and see what $150,000 can buy. Here you may find something that otherwise could cost over twice as much on the East Coast, West Coast and bigger metropolitan areas. In Little Rock , an average home sale price for a young single person is just $170,000. And these buyers enjoy home ownership in trendy neighborhoods such as the progressive Hillcrest area or the popular, fast-growing Capitol View/Stifft Station locale.
Many professionals, have recently relocated to Arkansas from other states seeing the value for their dollar here. “I think real estate is an exceptionally good investment in Little Rock ,” said one realtor who has worked in the Little Rock real estate market since 1974. “Recent reports in Forbes magazine and bankrate.com note that Little Rock real estate was undervalued, in some cases as much as 17 percent!.”
Data compiled by the National Association of Realtors in the first quarter of 2006 shows that the median price of a single-family home in Little Rock is just $123,800, compared with $376,200 in Sacramento . In New York City , it is $458,500, and the highest median price was recorded in California ’s Silicon Valley at $746,800.
Further attesting to Little Rock ’s housing value is a Moody’s Economy.com analysis from late 2005, which found that it takes less than 13 percent of the average person’s income to purchase a typical home here. In New York , an individual would need to spend 46 percent of his or her income, and in San Francisco , it would take 52 percent.
So, consider Little Rock. You could live in a great house in a beautiful neighborhood for much less than in most cities of similar size. |
