Housing in Arkansas State is more affordable than the US on average. The median value for a home in Arkansas is $181,800 compared to the national median of $338,100. Not only is housing in Arkansas more affordable, but it also has seen higher appreciation over the past year, with a 10.68% increase compared to 8.27% nationally. This makes it a great state to invest in real estate or buy a home.
The median home cost in Arkansas is $181,800. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Arkansas is up 18.5%.
Average Age of Homes
- The median age of Arkansas real estate is 33 years old
The Rental Market in Arkansas
- Renters make up 28.5% of the Arkansas population
- 2.3% of houses and apartments in Arkansas, 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.