Lake City, AR is a great place to live when it comes to housing. The median value of a home in Lake City is $124,300, which is much lower than the national median of $338,100. In addition, the one year appreciation rate for homes in Lake City was 15.59%, which is significantly higher than the national average of 8.27%. This makes Lake City an attractive destination as far as housing prices go and is likely to continue increasing with rising demand in the area.
The median home cost in Lake City is $124,300. Home appreciation the last 10 years has been 57.0%. Home Appreciation in Lake City is up 13.4%.
Average Age of Homes
- The median age of Lake City real estate is 42 years old
The Rental Market in Lake City
- Renters make up 30.5% of the Lake City population
- 0.5% of houses and apartments in Lake 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.