Rent to own Homes in Forrest City, AR
The seat of Saint Francis County, Forrest City had a population of 15,371 in the 2010 census. Located in the east-central part of the state, the city was named for General Nathan Forrest, who helped found the Memphis and Little Rock Railroad. Styled as the Jewel of the Delta, Forrest City has a motto of moving forward, one step at a time.
Forrest City, AR is a great place for affordable rent-to-own homes! With a median household income of over $33,062 and a median rent of $703, the Forrest City, AR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Forrest City, AR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Forrest City, AR is seeing rapid growth and Forrest City, AR's' housing market remains optimal with an average home price that is -69% below the 2026 national average. Forrest City, AR is part of St. Francis county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2026 for county St. Francis is 0.54% which is below the national average, which is 0.99%.
Median Home Price in Forrest City, AR
Median Rent in Forrest City, AR
Top 4 Reasons to Live in Forrest City, AR
Delicious cuisine at local dining venues! Old Sawmill Cafe, Don Jose Mexican Restaurant and Mallard Grill on East Broadway Avenue are local favorites. Delta Q Restaurant earns rave reviews for barbecue and ribs, and Arkansas Best Seafood Garden gets good ratings too. Hickory House Bar-B-Q, DJ's Country Bar-B-Que and Catfish Island are all recommended.
Low house prices and low rents! The median house price for all units in the city was $93,086 in 2012, with detached single-family dwellings at $96,345 and two-unit structures at $86,447. The average gross rent in 2012 was $561. The residential areas at Forrest City Country Club or Ridgecrest County Club are among the most popular places to live in the city.
Fun, fun, and more fun! View prehistoric artifacts at the St. Francis Museum, where you can learn about the city's history. Visit Campbell House, Mann House or Stuart Springs - all listed on the National Historic Registry. There are many city parks, including Smith Stadium, Stuart Springs, Beech Grove, Sycamore Street Park and Northside Park. Village Creek State Park has camp sites, picnic areas, fishing lakes, tennis courts and miles of hiking trails for outdoor enthusiasts. Don't miss Davidson's Approach, a trail that is a part of the Arkansas Heritage Trail. If you're tired of nature and history, you can go shopping at Valli Vista Shopping Center or take in an art performance at EACC Fine Art Center.
Very low real estate property taxes! In 2012, the median real property tax for housing units with a mortgage was $380. Within the city, you can easily find a rent to own dwelling or a fixer-upper. There are a number of lakes in Forrest City for those who would prefer to purchase waterfront or water-view properties, including Forest Lake Number 3, Forest Lake Number 5, Forest Lake Number 6 and Hickey Lake. Forest Lake Number 5, one of the most popular, is located off Gates Drive.
