Housing in Ravenden, AR (72459) is quite affordable compared to the current US median value of $338,100. The median value for housing in Ravenden is much lower at $113,300; this sizable difference provides great opportunity for those wishing to purchase a home in the area. Furthermore, house appreciation in Ravenden has been greater than the national average over the past year with an appreciation rate of 15.59% compared to 8.27%. This indicates that not only are homes currently attainable but they are also increasing in value which provides a strong incentive for potential homeowners.
The median home cost in Ravenden (zip 72459) is $113,300. Home appreciation the last 10 years has been 57.0%. Home Appreciation in Ravenden (zip 72459) is up 13.4%.
Average Age of Homes
- The median age of Ravenden (zip 72459) real estate is 38 years old
The Rental Market in Ravenden (zip 72459)
- Renters make up 16.7% of the Ravenden (zip 72459) population
- 5.5% of houses and apartments in Ravenden (zip 72459), 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.