Norphlet, AR is an attractive housing market for buyers due to its median value of $122,800 being significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation in Norphlet is 15.07%, much higher than the US 1 year House Appreciation of 8.27%. Therefore, Norphlet provides potential buyers with a great opportunity to purchase homes at low prices while also having the potential for large capital gains in the long run.
The median home cost in Norphlet is $122,800. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Norphlet is up 17.9%.
Average Age of Homes
- The median age of Norphlet real estate is 45 years old
The Rental Market in Norphlet
- Renters make up 21.1% of the Norphlet population
- 2.6% of houses and apartments in Norphlet, 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.