The housing market in Dermott, AR is quite different from the national average. The median value of a home in Dermott is only $72,600, significantly lower than the US median of $338,100. This difference in prices is also reflected in the appreciation rates; while nationwide house prices have risen 8.27% over the past year, house prices in Dermott have actually declined by 100%. Despite this dramatic difference, Dermott remains an attractive destination for those looking for a more affordable place to call home.
The median home cost in Dermott is $72,600. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Dermott is up 19.7%.
Average Age of Homes
- The median age of Dermott real estate is 46 years old
The Rental Market in Dermott
- Renters make up 33.2% of the Dermott population
- 3.2% of houses and apartments in Dermott, 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.