The housing market in North Crossett, AR is unique compared to the rest of the country. The median value of a house in North Crossett is much lower than the national average, at $65,300 compared to $338,100 nationally. Furthermore, while the US experienced an 8.27% appreciation in the value of housing over the past year, North Crossett saw a significant decrease of -100%. This indicates that housing prices have been falling in this area and could be a sign of a weak economy or other factors at play. It is important for potential buyers and investors to be aware of these trends when making decisions about buying or selling property in North Crossett.
The median home cost in North Crossett is $65,300. Home appreciation the last 10 years has been 53.6%. Home Appreciation in North Crossett is up 19.7%.
Average Age of Homes
- The median age of North Crossett real estate is 38 years old
The Rental Market in North Crossett
- Renters make up 24.2% of the North Crossett population
- 4.0% of houses and apartments in North Crossett, 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.