The housing market in Knoxville, AR is thriving. The median value of homes in the area is $147,500, significantly lower than the US median house value of $338,100. Over the last year, there has been a 15.07% appreciation rate on homes in Knoxville, compared to only an 8.27% appreciation rate for housing nationwide. This indicates that now is a great time to invest in real estate in the Knoxville area.
The median home cost in Knoxville is $147,500. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Knoxville is up 17.9%.
Average Age of Homes
- The median age of Knoxville real estate is 37 years old
The Rental Market in Knoxville
- Renters make up 17.7% of the Knoxville population
- 4.7% of houses and apartments in Knoxville, 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.