The housing market in Lonoke, AR is booming! The median value of a home in the area is currently $164,800, which is much lower than the US median of $338,100. Furthermore, the 1 year appreciation rate for homes in Lonoke is 12.20%, which far exceeds the US average of 8.27%. This shows that the real estate market in Lonoke, AR is rapidly growing and could be a great opportunity for potential buyers and investors.
The median home cost in Lonoke is $164,800. Home appreciation the last 10 years has been 56.1%. Home Appreciation in Lonoke is up 15.1%.
Average Age of Homes
- The median age of Lonoke real estate is 34 years old
The Rental Market in Lonoke
- Renters make up 25.8% of the Lonoke population
- 0.0% of houses and apartments in Lonoke, 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.