Parkin, AR is a small town located in Arkansas with a population of only 1,177 people. The housing market in Parkin is much less expensive than the United States average, with the median house value at $66,000 compared to $338,100 across the country. Despite the lower median value, Parkin has experienced a much higher rate of appreciation over the past year than the US average of 8.27%, with a 1 year appreciation rate of 15.07%. This is indicative of a strong local economy and increasing demand for housing in Parkin.
The median home cost in Parkin is $66,000. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Parkin is up 17.9%.
Average Age of Homes
- The median age of Parkin real estate is 47 years old
The Rental Market in Parkin
- Renters make up 33.9% of the Parkin population
- 1.1% of houses and apartments in Parkin, 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.