The housing market in Ben Lomond, AR is thriving. The median house value for the area is $100,000 which is well below the US House Median Value of $338,100. Despite this lower cost of housing in Ben Lomond, AR, the 1 year appreciation rate of 17.64% is considerably higher than the US average of 8.27%. This means that those living in Ben Lomond have seen larger profits from their investments in housing over the past year. It also suggests that investing in real estate in Ben Lomond is a wise decision given its high rate of return.
The median home cost in Ben Lomond is $100,000. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Ben Lomond is up 17.9%.
Average Age of Homes
- The median age of Ben Lomond real estate is 43 years old
The Rental Market in Ben Lomond
- Renters make up 14.2% of the Ben Lomond population
- 0.0% of houses and apartments in Ben Lomond, 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.