realestate

Snag a Home for $400 in Shrinking Southern City - But There's a Catch!

Discover the incredible deal on a property in Pine Bluff, located just 45 miles outside of Little Rock, recently sold for $402.74 at a tax auction.


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    Pine Bluff, Arkansas is a small town where homes are selling for less than $400 at tax auctions. This is due to its declining population and poor-quality schools. Despite these challenges, the town has attracted attention after a documentary titled "The City Left Behind: $400 Abandoned Homes in Pine Bluff" went viral on YouTube, garnering over 1.6 million views in just three weeks. The town's mayor, Shirley Washington, has responded by implementing programs to revitalize neighborhoods and ensure Pine Bluff remains a safe and thriving place to live. However, there's a catch: Pine Bluff is the "fastest-shrinking city" in America due to its lack of jobs and poor-quality schools. Despite this, many people believe Pine Bluff is ready for revitalization, and real estate agent Marty Reed has seen increased interest in the area. However, not all experts agree that revitalizing Pine Bluff will be easy. The housing market in Pine Bluff has slowed down over the last five months, with time on market climbing and home prices falling annually. The median list price in Pine Bluff in July was $228,000, down 8.6% year over year. Despite these challenges, many people believe Pine Bluff could follow in Detroit's footsteps and become a real estate boomtown in the future.

Affordable housing in shrinking Southern city with low-cost home option available.