Elm Springs, AR is known as a great place to live with its high housing median value of $491,000. This is significantly higher than the US House Median Value of $338,100 and further demonstrates the strong housing market in Elm Springs. In addition to having a higher median value compared to the rest of the United States, houses in Elm Springs have appreciated at an even higher rate over the past year with a 16.21% increase versus 8.27% across the country. This makes it an attractive place for people looking for an investment in real estate or a new home.
The median home cost in Elm Springs is $491,000. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Elm Springs is up 23.4%.
Average Age of Homes
- The median age of Elm Springs real estate is 27 years old
The Rental Market in Elm Springs
- Renters make up 13.8% of the Elm Springs population
- 0.0% of houses and apartments in Elm 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.