Zip 71647 (Hermitage, AR) Housing

The housing in 71647 Hermitage, AR is substantially lower in value than the US House Median Value of $338,100. The median value for homes in Hermitage is $102,200, which is considerably lower than the national average. Unfortunately, conditions have been rather unfavorable in the area for the past year, resulting in a -100.00% one year house appreciation rate. This stands in stark contrast to the nation's 8.27% one year house appreciation rate and is discouraging to potential buyers that may be looking to invest in Hermitage real estate.

The median home cost in Hermitage (zip 71647) is $102,200. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Hermitage (zip 71647) is up 19.7%.

Average Age of Homes

- The median age of Hermitage (zip 71647) real estate is 38 years old

The Rental Market in Hermitage (zip 71647)

- Renters make up 23.4% of the Hermitage (zip 71647) population
- 8.3% of houses and apartments in Hermitage (zip 71647), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hermitage, Arkansas	United States
	1,042.0	139,647,020.0
	39	42
	$102,200	$338,100
	19.7%	16.6%
	45.3%	57.0%
	53.6%	101.1%
	$7.71	$10.98
	$492	$2,690
	45.7%	57.4%
	37.9%	11.2%
	16.4%	31.4%
Vacant Housing
	8.3%	1.9%
	0.5%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	25.1%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	10.5%	2.6%
	27.1%	2.4%
	10.3%	2.8%
	12.0%	3.9%
	5.0%	4.5%
	6.9%	11.3%
	12.6%	13.0%
	7.8%	20.1%
	6.5%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	1.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.8%	13.6%
	8.8%	13.6%
	8.0%	13.6%
	31.4%	13.2%
	22.1%	14.8%
	8.0%	13.6%
	2.4%	10.0%
	0.0%	4.7%
	8.0%	12.2%

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