What is the average rental price for a 1143 sq ft home in 72450?When considering renting a home in the 72450 ZIP code, particularly one measuring approximately 1,143 square feet, it’s essential to understand the current rental market to make informed decisions. This article delves into the average rental prices for such homes in 72450, examining both the benefits and potential drawbacks, while adhering to the principles of Expertise, Experience, Authoritativeness, and Trustworthiness (E.E.A.T).
Current Rental Market Overview
As of the latest data, the average rent in the 72450 area is approximately $895 per month, which is notably 56% lower than the national average of $2,032. However, it’s important to note that this figure encompasses various property sizes and types. Specifically, for homes around 1,143 square feet, rental prices typically range from $1,200 to $1,500 per month What is the average rental price for a 1143 sq ft home in 72450?
Factors Influencing Rental Prices
Several elements contribute to the rental pricing of homes in this region:
- Location Within 72450: Proximity to amenities such as schools, shopping centers, and public transportation can significantly impact rental rates. Homes closer to these conveniences often command higher rents.
- Property Condition and Features: Modern, well-maintained homes with updated appliances and desirable features like energy-efficient systems or spacious layouts may attract higher rental prices.
- Market Demand: Fluctuations in the local housing market, influenced by economic conditions and population growth, can lead to variations in rental costs.
Advantages of Renting in 72450
- Affordability: The 72450 area offers more affordable rental options compared to many other regions, making it attractive for individuals and families seeking cost-effective housing.
- Community Atmosphere: The area is known for its close-knit community feel, providing a welcoming environment for residents.
Technical Description of a Typical 1,143 Sq Ft Home
A home of this size in the 72450 area typically includes:
- Bedrooms and Bathrooms: Usually configured with 2 to 3 bedrooms and 1 to 2 bathrooms, suitable for small families or individuals needing extra space.
- Living Spaces: An open-concept living and dining area providing flexibility in interior design and functionality.
- Kitchen: Equipped with standard appliances, with variations depending on the property’s age and updates.
- Outdoor Area: Often featuring a modest yard, offering outdoor space for leisure or gardening.
Conclusion
Renting a 1,143 square foot home in the 72450 ZIP code presents an affordable housing option with a strong sense of community. Prospective renters should consider factors such as location, property condition, and current market trends when making their decision. Staying informed and consulting with local real estate professionals can provide valuable insights tailored to individual needs.
Disclaimer: Rental prices and market conditions are subject to change. It’s advisable to consult current listings and local real estate experts for the most up-to-date information.Determining the average rental price for a 1,143-square-foot home in the 72450 ZIP code, encompassing Paragould, Arkansas, involves analyzing current market trends and various influencing factors.
Current Rental Market Overview
As of March 2025, the average rent for all property types in the 72450 area is approximately $950 per month, reflecting a $100 increase from the previous month and a $175 rise over the past year. Rental prices in this region range from $625 to $1,800, depending on property specifics and amenities.
Estimating Rent for a 1,143 sq ft Home
While specific data for 1,143-square-foot homes is limited, we can extrapolate based on available information:
- Median Home Size and Price: The median listing home price per square foot in 72450 is $124, with homes typically selling after 75 days on the market.
- Rental Estimates: Given the average rent of $950 for homes in the area, a 1,143-square-foot home would likely have a rental price within this range, depending on specific features and location.
Factors Influencing Rental Prices
Several elements can affect the rental price of a home in the 72450 area:
Market Demand: Fluctuations in the local housing market, influenced by economic conditions and population growth, can lead to changes in rental rates
Location: Proximity to amenities, schools, and transportation hubs can significantly impact rental values. Homes in more desirable neighborhoods may command higher rents.
Property Condition and Features: Updated interiors, modern appliances, and additional amenities like garages or fenced yards can increase rental prices.
You May Also Like: Best Dartboard Cabinets
Frequently Asked Questions
- What is the average rent in 72450?
- The average rent in 72450 is $950 per month.
- How much does it cost to rent a house in 72450?
- Houses in 72450 rent between $625 and $1,800, with an average rent of $950.
- How has the rent in 72450 changed in the last year?
- In the last year, the rent in 72450 increased by $175.
- How much has the rent in 72450 increased/decreased in the last month?
- In the last month, the rent in 72450 increased by $100.
- How many available rentals are there in 72450?
- There are currently 22 rentals available in 72450.
- How do rent prices in 72450 compare with the national average?
- The average rent in 72450 is $950, which is approximately 54% lower than the national average of $2,050.
