The housing market in Elaine, AR (zip code 72389) has been booming. With a median value of $92,300, the housing market in Elaine is significantly lower than the US median value of $338,100. In addition to a relatively low median value, the housing market in Elaine has seen tremendous appreciation over the past year with an impressive 15.07% rate of increase compared to the US average of 8.27%. This data suggests that Elaine presents an excellent opportunity to purchase real estate at a low price and receive a high return on investment within a short period of time.
The median home cost in Elaine (zip 72389) is $92,300. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Elaine (zip 72389) is up 17.9%.
Average Age of Homes
- The median age of Elaine (zip 72389) real estate is 40 years old
The Rental Market in Elaine (zip 72389)
- Renters make up 55.2% of the Elaine (zip 72389) population
- 0.0% of houses and apartments in Elaine (zip 72389), 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.