The housing market in Walnut Ridge, AR is thriving. The median value of a home in this area is $102,500 which is much lower than the national median value of $338,100. This affords buyers more purchasing power and makes it easier to buy a home. Moreover, in the last year appreciation has risen by 15.59%, much higher than the national average of 8.27%. This high rate of return makes investing in housing in Walnut Ridge a good option for investors looking for appreciation over short-term gains.
The median home cost in Walnut Ridge is $102,500. Home appreciation the last 10 years has been 57.0%. Home Appreciation in Walnut Ridge is up 13.4%.
Average Age of Homes
- The median age of Walnut Ridge real estate is 42 years old
The Rental Market in Walnut Ridge
- Renters make up 33.0% of the Walnut Ridge population
- 5.2% of houses and apartments in Walnut Ridge, 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.