West Memphis, AR is a great place to consider buying a home. The median value of homes in the area is $102,100, which is considerably lower than the US median house value of $338,100. In addition, the appreciation rate of houses in West Memphis over the past year has been 15.07%, much higher than the national average of 8.27%. This makes West Memphis an attractive location for investing in a home and experiencing significant returns over time.
The median home cost in West Memphis is $102,100. Home appreciation the last 10 years has been 57.5%. Home Appreciation in West Memphis is up 17.9%.
Average Age of Homes
- The median age of West Memphis real estate is 42 years old
The Rental Market in West Memphis
- Renters make up 45.0% of the West Memphis population
- 2.8% of houses and apartments in West Memphis, 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.