West Memphis, AR

West Memphis, Arkansas is a small town located in the Mississippi River Valley. The population of West Memphis was just over 2,000 people in 2010. The median household income was just over $40,000 and the unemployment rate was just under 5%.

The real estate market in West Memphis is very competitive. There are a limited number of homes available for sale and buyers have to be willing to pay a high price for them. In 2010, the average home price in West Memphis was $119,500. The median home size is 1,600 square feet and the average lot size is . There are only about 30 homes available for sale each month.

The most popular type of real estate in West Memphis is single-family homes. Single-family homes account for almost half of all the homes sold in West Memphis each year. The average price paid for a single-family home in West Memphis is $139,500.

The second most popular type of real estate in West Memphis is condos/townhomes. Condos/townhomes account for about one third of all the homes sold each year in West Memphis. The average price paid for a condo/townhome in West Memphis is $130,000.