Why Live in Manila
Manila, in the Arkansas Delta region, was once called Big Lake Island until its incorporation in the early 1900s. Its name comes from the Battle of Manila Bay, a major military clash during the Spanish-American War. Some of the roads in the small city center are named in honor of naval battleships from the event. Past the downtown are fields containing rows of soybeans, cornstalks, wheat and rice. However, the city's Mayor, Tracey Reinhart, says that the town's economy is led by more than just farming. "Agriculture is a big industry, but you also have steel mills. There's U.S. Steel, which is the Big River Steel facility 20 miles down the road. And you have Nucor Yamato Steel. We are [one of the top] steel-producing counties in the nation." Manila offers a small-town lifestyle with convenient access to nearby communities. Most Manila homes stand within a few miles of downtown. These residences include brick ranch styles, cottages and bungalows. Some older homes were leveled to make room for new structures. Subdivisions such as Teal Pointe and Manila Country Club Estates include New Traditional homes. Beyond the city limits are rural homes near farmlands. Move-in-ready dwellings
Home Trends in Manila, AR
On average, homes in Manila, AR sell after 64 days on the market compared to the national average of 51 days. The median sale price for homes in Manila, AR over the last 12 months is $234,900, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$234,900
Median Single Family Sale Price
$275,500
Average Price Per Sq Ft
$151
Number of Homes for Sale
31
Last 12 months Home Sales
95
Median List Price
$259,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%