The housing market in Gillett, AR is thriving. The median value of a house in the area is $108,100, which is significantly lower than the US median value of $338,100. In addition to this lower cost of living, the 1-year house appreciation rate in Gillett, AR has been 12.20%, which is higher than the national average of 8.27%. This indicates that Gillett's housing market has seen an increase in value over the past year and that it could be a great place for people looking to invest in real estate. With its relatively low cost of living and high house appreciation rate, Gillett could be an attractive option for those seeking to purchase a home.
The median home cost in Gillett is $108,100. Home appreciation the last 10 years has been 56.1%. Home Appreciation in Gillett is up 15.1%.
Average Age of Homes
- The median age of Gillett real estate is 51 years old
The Rental Market in Gillett
- Renters make up 27.2% of the Gillett population
- 0.0% of houses and apartments in Gillett, 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.