Housing in 72550 Locust Grove, AR is valued at approximately $126,700. This is significantly lower than the US housing median value at $338,100, however the 1 year appreciation rate is much higher than the national average of 8.27%, with a 1 year appreciation rate of 15.07%. This could be due to Locust Grove being situated in a desirable location or to its growing population and economy. Regardless, Locust Grove has experienced a strong housing market over the last year and it's likely that this trend will continue in the future.
The median home cost in Locust Grove (zip 72550) is $126,700. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Locust Grove (zip 72550) is up 17.9%.
Average Age of Homes
- The median age of Locust Grove (zip 72550) real estate is 17 years old
The Rental Market in Locust Grove (zip 72550)
- Renters make up 37.1% of the Locust Grove (zip 72550) population
- 0.0% of houses and apartments in Locust Grove (zip 72550), 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.