The housing market in Smithville, AR is thriving. The median value of homes in the area is 118,200, which is significantly lower than the US median value of 338,100. Despite this difference in values, the 1 year appreciation rate for housing in Smithville is 15.59%, which is higher than the US 1 year appreciation rate of 8.27%. This suggests that Smithville’s housing market is booming and a great investment opportunity for those seeking to purchase a home in the area.
The median home cost in Smithville is $118,200. Home appreciation the last 10 years has been 57.0%. Home Appreciation in Smithville is up 13.4%.
Average Age of Homes
- The median age of Smithville real estate is 47 years old
The Rental Market in Smithville
- Renters make up 8.8% of the Smithville population
- 0.0% of houses and apartments in Smithville, 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.