The housing market in McGehee, AR is vastly different than the national average. The median value of a home in McGehee is $89,100, which is significantly lower than the US median of $338,100. Furthermore, over the past year there has been an alarming decrease in house appreciation of around -100.00%, while the US experienced an appreciation rate of 8.27%. This shows that the housing market in McGehee has not kept up with the rest of country and prices have significantly decreased over the past year.
The median home cost in McGehee is $89,100. Home appreciation the last 10 years has been 53.6%. Home Appreciation in McGehee is up 19.7%.
Average Age of Homes
- The median age of McGehee real estate is 44 years old
The Rental Market in McGehee
- Renters make up 41.2% of the McGehee population
- 4.8% of houses and apartments in McGehee, 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.