The housing market in Fordyce, AR is much more affordable than the national average and has seen excellent growth over the past year. The median value of a home here is about $64,100, compared to the national median of $338,100. This difference means that more people can afford to buy a home in Fordyce than many other parts of the country. Additionally, Fordyce's one year house appreciation rate is 15.07%, which is significantly higher than the national rate of 8.27%. This makes Fordyce an attractive option for those looking to purchase a home or invest in real estate as prices are likely to continue rising in this area.
The median home cost in Fordyce is $64,100. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Fordyce is up 17.9%.
Average Age of Homes
- The median age of Fordyce real estate is 41 years old
The Rental Market in Fordyce
- Renters make up 38.9% of the Fordyce population
- 10.0% of houses and apartments in Fordyce, 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.