Faulkner County in Arkansas has seen an increase in housing values over the past year, with the median value standing at $208,400. This is significantly lower than the US median of $338,100, however it has still experienced a higher rate of appreciation at 10.47%. For comparison, the US house appreciation rate for the past year was 8.27%. Not only are housing prices increasing in Faulkner County, but they are doing so at a higher than average rate. This means that potential home buyers should consider investing in this area soon to take advantage of these appreciating prices and rising equity gains.
The median home cost in Faulkner County is $208,400. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Faulkner County is up 15.6%.
Average Age of Homes
- The median age of Faulkner County real estate is 22 years old
The Rental Market in Faulkner County
- Renters make up 32.6% of the Faulkner County population
- 2.9% of houses and apartments in Faulkner County, 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.