Hiwasse, AR

Real estate in Hiwasse, Arkansas is a hot commodity. With a population of just over 2,000 people, the town has seen an influx of new residents in recent years as retirees and families move to the area. This has led to increased demand for homes and apartments, which have driven up prices significantly.

The median price of a home in Hiwasse was $107,500 in 2017, which is more than double the median price of $39,000 for all of Arkansas. The average price for an apartment was even higher at $130 per square foot. While these prices are certainly high by any standard, they are especially high when compared to other towns of similar size in the state.

One reason for this high demand is that Hiwasse is located close to several major cities and attractions. The town is only about 30 minutes from Little Rock and 45 minutes from Memphis. Additionally, Hiwasse is situated on I-40, which makes it easy to get to other parts of Arkansas and Tennessee.

Despite these benefits, there are some drawbacks associated with living in Hiwasse. First and foremost is the cost of living: even with modest incomes, residents will struggle to cover their expenses without outside help. Second is the lack of available housing: while there are plenty of apartments available (and even some single-family homes), there isn't enough space for everyone who wants one. Finally (and most importantly), there's always the risk that something could go wrong: whether it's a natural disaster or something else entirely unforeseen (such as economic instability).