The housing market in Siloam Springs, AR is thriving. The median value of a house in Siloam Springs is $245,300 which is significantly lower than the US median value of $338,100. Moreover, the appreciation rate of houses in Siloam Springs was 16.21% compared to the national average of 8.27%, showing that there has been strong growth in housing prices over the past year. This makes buying a house in Siloam Springs an attractive proposition for those looking to invest or buy a home in this area.
The median home cost in Siloam Springs is $245,300. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Siloam Springs is up 23.4%.
Average Age of Homes
- The median age of Siloam Springs real estate is 29 years old
The Rental Market in Siloam Springs
- Renters make up 39.3% of the Siloam Springs population
- 0.5% of houses and apartments in Siloam Springs, 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.