Morrilton, AR has a median housing value of $126,100 compared to the US median of $338,100. However, the 1 year house appreciation rate in Morrilton is higher than the US average at 9.77%, compared to 8.27%. This indicates that not only is housing more affordable in Morrilton but it could be a good investment with a higher return on housing equity. Therefore, those looking to purchase a home or invest in property should take note that Morrilton is an attractive option for housing.
The median home cost in Morrilton is $126,100. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Morrilton is up 18.8%.
Average Age of Homes
- The median age of Morrilton real estate is 41 years old
The Rental Market in Morrilton
- Renters make up 36.3% of the Morrilton population
- 2.7% of houses and apartments in Morrilton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.