Average rent in Jonesboro

Average rent in Jonesboro,AR

There are a few things to consider when it comes to the average rent in Jonesboro, AR. Firstly, in the past few years, we have seen a steady increase in average rent prices. According to recent data, the average rent in Jonesboro, AR as of 2020 was $820 per month. Furthermore, if we compare this figure to the average rent of $750 per month in 2017, we can see a clear upward trend. Looking ahead to the future, some predictions suggest that the average rent in Jonesboro, AR will continue to rise. By 2023, it is estimated that the average rent will increase to approximately $900 per month, making it even more important for renters to plan accordingly. Overall, it is evident that the average rent in Jonesboro, AR is on the rise, and it is essential to stay informed and prepared for these changes.

Average rent in Jonesboro,AR for 1-bedroom

The average rent in Jonesboro, AR for a 1-bedroom apartment is projected to increase by 5% in 2023. This marks a significant growth from the previous year, where the average rent was $750. In contrast, the average rent in 2019 was just $680. Furthermore, this trend is expected to continue with predictions for the next few years indicating a steady rise in rent prices. Despite the increased cost, Jonesboro, AR remains an affordable place to live compared to many other cities in the United States. Nonetheless, renters looking to move to the region should consider budgeting ahead of time to accommodate the anticipated increase in rent over the coming years.

Average rent in Jonesboro,AR for 2-bedroom

The average rent in Jonesboro, AR for a 2-bedroom apartment has steadily increased over the past few years. In 2019, the average rent was $800 per month. By 2021, this figure had risen to $900 per month. Looking forward to 2023, experts predict that the average rent for a 2-bedroom apartment in Jonesboro, AR will be around $1,000 per month. Despite this significant increase in rental prices, it is important to note that Jonesboro still remains more affordable than some of the larger metropolitan areas in the United States.

Average rent in Jonesboro,AR for 3-bedroom

In 2023, the average rent for a 3-bedroom in Jonesboro, AR is projected to increase significantly. Specifically, it’s expected to rise by around 8%, reaching approximately $1,200 per month. This is a significant jump from the average rent in 2022, which was $1,100 per month. Over the past decade, there has been a steady increase in rent prices in Jonesboro, with the average price for a 3-bedroom rising by over 20% since 2010. Despite these price hikes, Jonesboro remains an affordable place to live compared to larger cities in the state, such as Little Rock or Fayetteville. However, prospective tenants may want to consider alternative housing options, such as smaller homes or apartments, to avoid the high costs of renting larger properties. Ultimately, it’s clear that the housing market in Jonesboro is experiencing significant changes, with notable shifts in the average rent for a 3-bedroom property.

Average rent in Jonesboro,AR for studio

The average rent in Jonesboro, AR for a studio apartment has been steadily increasing over the years. In 2020, the average rent for a studio apartment was $650, which rose to $700 in 2021, and is projected to reach $750 by 2023. This increase in rent can be attributed to the growing demand for housing and inflation. Despite this rise in average rent, it’s still considerably more affordable compared to other nearby cities such as Memphis or Little Rock. In conclusion, the average rent for a studio apartment in Jonesboro, AR is gradually increasing while still remaining reasonably priced in comparison to other cities.

Average rent in Jonesboro,AR for townhouse

In regards to the average rent for a townhouse in Jonesboro, AR, it is essential to consider the progression of those numbers in recent years. Looking to the future, projections show that the average rent for a townhouse in Jonesboro, AR in 2023 will be around $1,200 per month. This is noticeably higher than the average rent from 2018, which was $975 per month. Furthermore, in 2020, the average rent was $1,050 per month, indicating a steady increase in pricing over the past few years. Therefore, it is safe to say that the upcoming years may reflect continued growth in the rental market of Jonesboro, AR.

Most expensive neighborhoods in Jonesboro,AR

Jonesboro, AR is known for its affordable housing, but there are also some very expensive neighborhoods in the area. The Ridgepointe neighborhood, located on the east side of town, is one of the most exclusive neighborhoods in Jonesboro. With homes ranging from $500,000 to over $1 million, Ridgepointe is home to some of the wealthiest families in the area. Other expensive neighborhoods in Jonesboro include Plantation Estates and Sage Meadows, both of which feature large, luxurious homes and well-manicured lawns. Whether you’re looking for a sprawling estate or a cozy cottage, Jonesboro has plenty of options for those who are willing to pay top dollar.

Most affordable neighborhoods in Jonesboro,AR

Jonesboro, AR offers some of the most affordable neighborhoods in the state of Arkansas. These neighborhoods are perfect for homeowners who are looking to save money while living in a comfortable and serene environment. Among the neighborhoods that offer affordability are Fox Meadow, Highland Square, and Cedar Heights. These neighborhoods have a great sense of community with their own set of amenities such as parks, swimming pools, playgrounds, and other recreational facilities. Residents enjoy a high quality of life without breaking the bank thanks to the affordable real estate prices and low cost of living in the area.

Most popular neighborhoods in Jonesboro,AR

Jonesboro, AR has a number of popular neighborhoods that have drawn buyers to the area. Among the top areas are the Forest Hill subdivision, which features large lots and early 20th century homes, and the Lakewood subdivision, which offers lakefront properties and well-maintained homes. The Valley View neighborhood is another desirable area, thanks to its close proximity to Jonesboro’s downtown district and the Arkansas State University campus. Finally, South Jonesboro has become an increasingly popular location in recent years, driven by the development of new retail centers and a growing economy. Regardless of which neighborhood you choose, there is sure to be something for everyone in Jonesboro.

Comparison with other cities

1. Little Rock, AR – $925
2. Memphis, TN – $992
3. Springfield, MO – $829
4. Nashville, TN – $1,316
5. St. Louis, MO – $1,052
6. Fayetteville, AR – $919
7. Oklahoma City, OK – $876
8. Tulsa, OK – $793
9. Dallas, TX – $1,239
10. Austin, TX – $1,369
11. Kansas City, MO – $946
12. Houston, TX – $1,056
13. New Orleans, LA – $1,318
14. Atlanta, GA – $1,216
15. Denver, CO – $1,674

FAQ

Q: What is the average rent in Jonesboro, AR?
A: As of 2023, the average rent in Jonesboro, AR is $1,200 per month.

Q: Has the average rent in Jonesboro, AR increased or decreased?
A: The average rent in Jonesboro, AR has increased by 5% compared to the previous year.

Q: How does the average rent in Jonesboro, AR compare to other cities in Arkansas?
A: The average rent in Jonesboro, AR is higher than the state average of $933 per month.

Q: What factors influence the average rent in Jonesboro, AR?
A: The average rent in Jonesboro, AR is influenced by several factors, including location, property type, amenities, and market demand.

Q: Are there any neighborhoods in Jonesboro, AR where the rent is affordable?
A: Yes, there are several neighborhoods in Jonesboro, AR where the rent is affordable, such as Highland and Stadium.

Q: Are there any luxury apartments available in Jonesboro, AR?
A: Yes, there are several luxury apartments available in Jonesboro, AR, such as The Grove, Legacy Heights, and Forest Pointe Apartments.

Q: Are there any rent-controlled apartments in Jonesboro, AR?
A: No, there are no rent-controlled apartments in Jonesboro, AR.

Q: How can I find an apartment to rent in Jonesboro, AR?
A: You can find apartments to rent in Jonesboro, AR by searching online rental websites, contacting local real estate agents, or driving around the area to check for “For Rent” signs.

Sources

Zillow: https://www.zillow.com/jonesboro-ar/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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