The housing market in Forrest City, AR is an attractive option for those looking to invest. The median home value in Forrest City is $68,400 which is significantly lower than the US median of $338,100. This gives buyers more opportunity to find a good deal. Additionally, the 1 year house appreciation in Forrest City is 15.07%, which is nearly double the US 1 year appreciation rate of 8.27%. This indicates that housing prices are on the rise and can make for a good investment opportunity.
The median home cost in Forrest City is $68,400. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Forrest City is up 17.9%.
Average Age of Homes
- The median age of Forrest City real estate is 38 years old
The Rental Market in Forrest City
- Renters make up 47.8% of the Forrest City population
- 3.7% of houses and apartments in Forrest City, 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.