The housing market in Cave City, Arkansas is quite vibrant and growing. The median value of a house in the city is $132,000, which is significantly lower than the US median value of $338,100. In the last year alone, the value of houses in Cave City has increased by 15.07%, while the national average was 8.27%. This data shows that Cave City is an attractive destination for property investors or anyone looking to buy a house due to its great appreciation rate and relatively low value.
The median home cost in Cave City is $132,000. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Cave City is up 17.9%.
Average Age of Homes
- The median age of Cave City real estate is 36 years old
The Rental Market in Cave City
- Renters make up 39.9% of the Cave City population
- 2.2% of houses and apartments in Cave City, 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.