Wooster, AR is an excellent place to invest in housing. The median value of housing in the area is currently $258,500, which is significantly lower than the US median value of $338,100. Not only does Wooster offer a lower entry price for those looking to buy a home, but it also offers a higher appreciation rate of 12.20%, versus the US average of 8.27%. This makes Wooster an ideal location for anyone looking to purchase property as it offers both a lower initial cost as well as greater appreciation potential over time.
The median home cost in Wooster is $258,500. Home appreciation the last 10 years has been 56.1%. Home Appreciation in Wooster is up 15.1%.
Average Age of Homes
- The median age of Wooster real estate is 17 years old
The Rental Market in Wooster
- Renters make up 14.4% of the Wooster population
- 0.0% of houses and apartments in Wooster, 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.