The housing market in Wilmot, AR is significantly lower than the national median value. The median value for housing in Wilmot, AR is $54,800 while the US median value for homes is $338,100. Furthermore, while the US has seen an 8.27% appreciation in home values over the last year, home values in Wilmot have declined by 100%. This indicates that there may be a lack of economic opportunity and growth in the area compared to other parts of the US.
The median home cost in Wilmot is $54,800. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Wilmot is up 19.7%.
Average Age of Homes
- The median age of Wilmot real estate is 38 years old
The Rental Market in Wilmot
- Renters make up 26.1% of the Wilmot population
- 7.1% of houses and apartments in Wilmot, 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.