The housing market in Norfork, AR is thriving with the median value of homes at $227,200, which is significantly lower than the national median value of $338,100. There has been a large appreciation in house values over the past year with a 14.31% increase, much higher than the national average of 8.27%. This makes Norfork an attractive option for anyone looking to purchase property and invest in real estate as it offers high returns on investment. The flourishing housing market provides plenty of options for potential homeowners in terms of location and size.
The median home cost in Norfork is $227,200. Home appreciation the last 10 years has been 72.5%. Home Appreciation in Norfork is up 23.4%.
Average Age of Homes
- The median age of Norfork real estate is 28 years old
The Rental Market in Norfork
- Renters make up 12.6% of the Norfork population
- 0.0% of houses and apartments in Norfork, 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.