These days, Springdale, Arkansas, is on everyone's radar. Twice the city won acclaim as the best place in Arkansas to raise children. The Council for Community and Economic Research named Springdale one of America's 10 most affordable cities. The business magazine, Forbes, ranks Springdale as 28th in the nation for business and careers. Among mid-size cities, NewGeography.com named Springdale the third best for job growth. The city, first named Shiloh, was founded in 1838. The town then incorporated in 1878 as Springdale. Today it is one of the fastest growing municipalities in Arkansas. According to the United States Census Bureau, the city has more than 73,000 residents, and its schools, health care, and local economy are excellent.
Springdale, AR is a great place for affordable rent-to-own homes! With a median household income of over $51,868 and a median rent of $782, the Springdale, 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 Springdale, 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.
Springdale, AR is seeing rapid growth and Springdale, AR's' housing market remains optimal with an average home price that is -26% below the 2022 national average. Springdale, AR is part of Washington 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 2022 for county Washington is 0.59% which is below the national average, which is 0.99%.
Springdale, AR has a walk score of
Springdale, AR has a bike score of
The state tax rate is 2.0 to 5.5% on top of the federal tax rate of 10 to 37%.