Average Rental Price for 1143SqFt Home in 72450
Renting a home is a significant decision, and understanding the market trends helps in making an informed choice. If you’re looking for the average rental price for 1143sqft home in 72450, this guide provides a comprehensive overview of current rental rates, market trends, and factors that influence pricing in Paragould, Arkansas.
Also Read: cenpok.com
What is the Average Rental Price for 1143SqFt Home in 72450?
Rental prices depend on multiple factors, including property type, location, and available amenities. A home with a size of 1,143 square feet typically falls within the category of two- or three-bedroom homes.
Based on recent data:
| Home Type | Approx. Size | Average Rent (Paragould, 72450) |
|---|---|---|
| One-Bedroom Apartment | 587 sq ft | $697 per month |
| Two-Bedroom Apartment | 877 sq ft | $815 per month |
| Three-Bedroom Apartment | 1,054 sq ft | $975 per month |
| Single-Family Home | 1,143 sq ft | $950 – $1,050 per month |
Given this pricing structure, the average rental price for 1143sqft home in 72450 is estimated to range between $950 and $1,050 per month. However, specific rental rates depend on factors such as location, condition, and available amenities.
Understanding the Rental Market in 72450
Paragould, Arkansas, is a growing city known for its affordability and quality of life. The real estate market here offers various rental options, from apartments to single-family homes. Compared to national rental averages, Paragould remains a cost-effective location.
As of 2025, the average rent for homes in 72450 is lower than the national average, making it an attractive location for renters looking for affordable housing options.
Also Read: Why Use Dell4yuoxuzal Software Now?
Factors That Influence Rental Prices in 72450
Several elements impact the average rental price for a 1,143 sq ft home in 72450. Understanding these factors can help you determine why prices fluctuate and what to consider when renting a home.
Location and Neighborhood
Rental rates vary depending on the location within Paragould. Homes closer to schools, shopping centers, and employment hubs tend to have higher rental costs due to increased demand.
Property Age and Condition
Newer or recently renovated homes generally have higher rental prices due to modern features, energy efficiency, and lower maintenance requirements.
Amenities and Upgrades
Rental homes with additional features such as a garage, backyard, updated appliances, or smart home technology may cost more than standard homes.
Market Demand and Supply
Rental prices in 72450 fluctuate based on market demand. When rental availability is low, prices increase due to competition among renters. Conversely, in times of high availability, prices may drop slightly.
How Does Paragould Compare to Neighboring Cities?
Paragould remains a budget-friendly option compared to nearby cities. Here’s how rental prices compare:
| City | Average Rent (2-Bedroom) | Average Rent (3-Bedroom) |
|---|---|---|
| Paragould, AR | $815 – $975 | $950 – $1,050 |
| Jonesboro, AR | $910 – $1,100 | $1,200 – $1,500 |
| Brookland, AR | $1,050 – $1,300 | $1,400 – $1,700 |
As seen in the comparison table, the average rental price for 1143sqft home in 72450 is cheaper than in neighboring cities, making Paragould an ideal choice for renters looking for affordability.
Rental Price Trends in Paragould, AR
Paragould, AR, has remained an affordable rental market compared to many other cities in Arkansas. Over the past few years, rental prices have gradually increased due to population growth and higher housing demand. However, despite these increases, the city still offers cheaper rental options than nearby locations like Jonesboro and Brookland.
The rental market in Paragould is influenced by various factors, including the availability of new housing developments, employment rates, and economic conditions. Recent data shows that rental prices for single-family homes in the 72450 ZIP code typically range between $950 and $1,050 per month, while apartments average around $815 for a two-bedroom unit.
With a steady demand for rental properties, Paragould is seeing a moderate rise in rental costs. However, it remains more affordable than many parts of the state. Renters looking for the best deals should act quickly, as prices may continue to rise gradually in the coming years.
Tips for Renting a Home in 72450
If you’re searching for a rental home in Paragould, consider the following tips to secure the best deal:
- Research Online Listings: Websites like Zillow, Apartments.com, and Rent.com offer updated listings of available rental homes in the 72450 area.
- Visit Properties in Person: Pictures can be misleading, so it’s essential to inspect homes in person to evaluate their condition.
- Factor in Additional Costs: Rent isn’t the only expense. Consider costs like utilities, maintenance, and renter’s insurance when budgeting for a rental.
- Negotiate Lease Terms: Landlords may offer flexible lease agreements or discounts for longer lease durations.
Is Renting in 72450 a Good Option?
Renting a 1,143 sq ft home in 72450 is a cost-effective choice, especially for those looking for spacious homes at reasonable rates. Compared to larger cities, Paragould offers affordable rental prices, making it attractive for families and professionals.
Is It Cheaper to Rent or Buy in 72450?
The decision between renting or buying a home in Paragould depends on several factors, including financial stability, long-term plans, and market conditions. Generally, renting offers flexibility, while buying provides long-term investment benefits.
Cost Comparison
| Factor | Renting | Buying |
|---|---|---|
| Upfront Cost | Lower (security deposit + first month’s rent) | Higher (down payment, closing costs) |
| Monthly Payment | $950 – $1,050 | $800 – $1,200 (including mortgage, taxes, insurance) |
| Maintenance Costs | Landlord covers repairs | Homeowner is responsible |
| Flexibility | Can move anytime (lease restrictions apply) | Long-term commitment |
| Equity | No ownership | Builds equity over time |
For those who plan to stay in Paragould long-term, buying a home may be a better financial decision because mortgage payments are often comparable to rental prices. Additionally, homeownership builds equity over time. However, for individuals who prefer flexibility or are unsure about staying in the area, renting is the best choice as it requires fewer financial commitments.
How to Find the Best Rental Deals in Paragould, AR
Finding the best rental deals in Paragould requires thorough research and smart negotiation tactics. Here are some useful tips to secure an affordable rental:
- Check Online Listings Regularly – Websites like Zillow, Apartments.com, and Rent.com provide up-to-date listings of available rental homes in the 72450 area. New listings go quickly, so it’s essential to check frequently.
- Explore Different Neighborhoods – Prices can vary significantly based on location. Some areas might have cheaper rental options than others, so be open to different locations within Paragould.
- Work with a Local Realtor or Property Manager – Real estate agents and property managers often have access to off-market rentals that aren’t listed online.
- Negotiate the Rent – If a rental property has been vacant for some time, the landlord may be willing to offer a discount or flexible lease terms.
- Look for Move-in Specials – Some landlords offer discounted deposits, first-month free rent, or reduced application fees to attract tenants.
What Renters Should Know Before Signing a Lease in 72450
Before committing to a rental property, it’s essential to understand the lease terms and rental agreement to avoid surprises. Here are some key things renters should check before signing a lease in Paragould:
- Lease Duration & Renewal Terms
- Check if the lease is month-to-month, six months, or a year-long agreement.
- Ask about the renewal process and potential rent increases after the initial lease term.
- Security Deposit & Fees
- Understand how much the security deposit is and under what conditions you’ll get it back.
- Ask about pet deposits, maintenance fees, or early termination fees.
- Maintenance & Repairs
- Find out who is responsible for repairs and maintenance (landlord or tenant).
- Check if lawn care, pest control, or HVAC servicing are included in the lease.
- Utilities & Additional Costs
- Some rentals include utilities (water, trash, or electricity), while others require tenants to pay for them separately.
- Be clear on what is included to avoid unexpected expenses.
Final Thoughts
The average rental price for 1143sqft home in 72450 ranges from $950 to $1,050 per month, depending on the property’s condition, location, and amenities. Paragould continues to be a budget-friendly city compared to its neighboring areas, making it a great place to rent a home.
If you’re considering moving to Paragould, Arkansas, researching the local market and staying updated on rental trends will help you find the best home that fits your budget and lifestyle.
