The housing in Mitchellville, AR is much more affordable than the US median value of $338,100. The median value for homes in Mitchellville is $55,100. Unfortunately, homes in Mitchellville have experienced a 100% decrease in appreciation over the past year while the US has seen an 8.27% increase. This has put pressure on homeowners and real estate agents to adjust their pricing accordingly in a market that is increasingly competitive.
The median home cost in Mitchellville is $55,100. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Mitchellville is up 19.7%.
Average Age of Homes
- The median age of Mitchellville real estate is 34 years old
The Rental Market in Mitchellville
- Renters make up 20.3% of the Mitchellville population
- 2.8% of houses and apartments in Mitchellville, 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.