The housing market in Reed, AR is quite different compared to the rest of the United States. The median value of a home in Reed, AR is $57,600, significantly lower than the median value of a home in the United States, which is $338,100. This large discrepancy can be attributed to the fact that over the past year, house appreciation in Reed, AR has been negative at -100% while US house appreciation was 8.27%. This shows that although there is potential for growth and development in Reed's housing market, it has not yet been realized and there are some challenges that need to be addressed before it can be seen on par with other parts of the US.
The median home cost in Reed is $57,600. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Reed is up 19.7%.
Average Age of Homes
- The median age of Reed real estate is 25 years old
The Rental Market in Reed
- Renters make up 29.2% of the Reed population
- 0.0% of houses and apartments in Reed, 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.