Zip 72301 (West Memphis, AR) Housing

West Memphis, AR has a median housing value of $96,200, which is significantly lower than the US median housing value of $338,100. Despite this difference, the appreciation rate in West Memphis over the past year has been 15.07%, higher than the national average of 8.27%. This indicates that West Memphis is experiencing a period of strong growth in terms of housing values. It's an ideal time to invest in property in West Memphis for individuals looking to capitalize on the current market conditions.

The median home cost in West Memphis (zip 72301) is $96,200. Home appreciation the last 10 years has been 57.5%. Home Appreciation in West Memphis (zip 72301) is up 17.9%.

Average Age of Homes

- The median age of West Memphis (zip 72301) real estate is 42 years old

The Rental Market in West Memphis (zip 72301)

- Renters make up 45.2% of the West Memphis (zip 72301) population
- 2.8% of houses and apartments in West Memphis (zip 72301), 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	West Memphis, Arkansas	United States
	11,108.0	139,647,020.0
	46	42
	$96,200	$338,100
	17.9%	16.6%
	48.4%	57.0%
	57.5%	101.1%
	$6.62	$10.98
	$592	$2,690
	41.1%	57.4%
	11.8%	11.2%
	47.1%	31.4%
Vacant Housing
	2.8%	1.9%
	0.7%	0.4%
	0.5%	0.7%
	0.4%	0.4%
	0.0%	3.6%
	7.4%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	7.1%	2.4%
	9.5%	2.8%
	21.8%	3.9%
	13.5%	4.5%
	19.3%	11.3%
	16.4%	13.0%
	7.1%	20.1%
	1.9%	13.6%
	0.3%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	9.7%	13.6%
	14.9%	13.2%
	20.9%	14.8%
	9.7%	13.6%
	11.8%	10.0%
	5.0%	4.7%
	1.6%	12.2%

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