The housing market in Newark, AR is thriving with a median value of $122,600. This is significantly lower than the US House median value of $338,100 which indicates a more affordable housing market in the area. In addition to this, over the past year house appreciation in Newark has been much higher than the US average at 15.07% compared to 8.27%. This suggests that now could be a great time for potential homebuyers to invest into the Newark housing market given its relatively low cost and increasing values.
The median home cost in Newark is $122,600. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Newark is up 17.9%.
Average Age of Homes
- The median age of Newark real estate is 44 years old
The Rental Market in Newark
- Renters make up 35.0% of the Newark population
- 1.2% of houses and apartments in Newark, 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.