The housing market in Mena, AR is very strong. The median value of homes is $154,700, which is significantly lower than the US median of $338,100. The appreciation rate for homes in Mena is also quite high at 19.03% which is 10.76% higher than the US average of 8.27%. This suggests that not only are home values in Mena very affordable but they are also increasing in value quite rapidly, making it an ideal place to buy a home and invest in real estate.
The median home cost in Mena is $154,700. Home appreciation the last 10 years has been 65.8%. Home Appreciation in Mena is up 19.0%.
Average Age of Homes
- The median age of Mena real estate is 48 years old
The Rental Market in Mena
- Renters make up 28.7% of the Mena population
- 5.0% of houses and apartments in Mena, 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.