The housing market in Arcola, MS (38722) is surprisingly strong. The median value of homes in the area is $55,600, which is far below the median value of homes in the US at $338,100. Despite this significant difference in price points, home values in Arcola are still appreciating very quickly. In the last year alone, they have appreciated by 12.50%, compared to just 8.27% for the US as a whole. This suggests that Arcola is a great investment opportunity with more potential upside than other areas of the country.
The median home cost in Arcola (zip 38722) is $55,600. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Arcola (zip 38722) is up 14.5%.
Average Age of Homes
- The median age of Arcola (zip 38722) real estate is 42 years old
The Rental Market in Arcola (zip 38722)
- Renters make up 34.7% of the Arcola (zip 38722) population
- 9.1% of houses and apartments in Arcola (zip 38722), 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.