The housing market in Sparkman, AR is quite affordable with the median value of homes sitting at $52,600, significantly lower than the US median value of $338,100. Despite this difference in prices, the area has seen a considerable appreciation rate of 15.07% compared to the US's 8.27%. This means that homes in Sparkman are increasing in value faster than the national average and is an attractive place to invest for those looking for a good return on their money.
The median home cost in Sparkman is $52,600. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Sparkman is up 17.9%.
Average Age of Homes
- The median age of Sparkman real estate is 43 years old
The Rental Market in Sparkman
- Renters make up 23.1% of the Sparkman population
- 5.7% of houses and apartments in Sparkman, 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.