The city of Cave Springs, AR located in zip code 72718 has seen an impressive appreciation of its housing market over the past year with a 16.21% increase. This is nearly double the national average of 8.27%, and represents a great opportunity for potential homeowners. The median value for housing in Cave Springs currently stands at $429,900 versus the US median which is at $338,100. With such a strong outlook it is no surprise that the housing market in Cave Springs is on the rise and has become increasingly attractive to those looking to purchase or invest in property.
The median home cost in Cave Springs (zip 72718) is $429,900. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Cave Springs (zip 72718) is up 23.4%.
Average Age of Homes
- The median age of Cave Springs (zip 72718) real estate is 12 years old
The Rental Market in Cave Springs (zip 72718)
- Renters make up 10.6% of the Cave Springs (zip 72718) population
- 2.3% of houses and apartments in Cave Springs (zip 72718), 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.