The housing market in Crossett, AR is considerably different than the US average. The median value of a home in Crossett is $90,400, which is significantly lower than the US median house value of $338,100. Furthermore, while the US saw an appreciation of 8.27% in home values over the past year, Crossett faced a dramatic decrease in housing values with a -100% appreciation rate over the past year. This indicates that the Crossett housing market has been struggling to rebound from recent hardships and may be affected by factors beyond just homeownership trends.
The median home cost in Crossett is $90,400. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Crossett is up 19.7%.
Average Age of Homes
- The median age of Crossett real estate is 52 years old
The Rental Market in Crossett
- Renters make up 29.2% of the Crossett population
- 5.1% of houses and apartments in Crossett, 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.