The housing in Cave Springs, AR is significantly more expensive than the US median. The median value of a home in Cave Springs is $453,000, while the US median is $338,100. In addition to the difference in price between Cave Springs and the US average, the appreciation rate of homes in Cave Springs has been much higher over the last year. The one-year house appreciation was 8.27% for the US as a whole, but 16.21% for Cave Springs specifically. This suggests that buying a home in Cave Springs may be a wise investment for those who can afford it.
The median home cost in Cave Springs is $453,000. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Cave Springs is up 23.4%.
Average Age of Homes
- The median age of Cave Springs real estate is 13 years old
The Rental Market in Cave Springs
- Renters make up 16.3% of the Cave Springs population
- 2.1% of houses and apartments in Cave Springs, 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.