Real Estate Relocation Guide To Arkansas

Relocating from Chicago to Arkansas is a major move. You’re crossing state lines and heading 470 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Little Rock or Fort Smith you can get a good idea of the Arkansas landscape and locate the best area for you and your family.

We’ll start with the big picture… Arkansas has an estimated population of 2.8 million* and around 52,000 square miles of land. The total number of housing units is 1,273,433, of which about 753,000 are owner-occupied and 350,000 are inhabited by renters. Roughly 170,000, or 13 percent, of the residences in the state are vacant. The median home value in Arkansas is $93,900 and the median household income is $36,599. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Arkansas, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Arkansas real estate has to offer…

About 23,300 homes in Arkansas are new construction, developed in 2005 or after (another 117,000 were put up between 2000 and 2004). Arkansas has its share of vintage charm as well with 83,850 residences built prior to 1940. The total number of detached, single-family houses across the state is 895,200, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Natural State, monthly mortgage costs in [Alabama] generally hover between $500 and 1,500.

Relocation Resources

Bella Vista Real Estate - Bentonville Real Estate - Benton County Real Estate
Real estate in Bella Vista, Bentonville, Rogers, Springdale, Fayetteville, and Benton County. Get free relocation information.

Scott Allen Jones, Conway Real Estate Consultant
I use the latest technology to sell and market homes in the Conway and Faulkner County areas of Arkansas.

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com