Housing in Hermitage, AR is significantly less expensive than the US average. The median value of a house in Hermitage is $93,700 compared to the US median value of $338,100. Unfortunately, while the US saw an 8.27% appreciation in housing values over the past year, Hermitage experienced a -100.00%, making it more difficult for homeowners to benefit from rising home values.
The median home cost in Hermitage is $93,700. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Hermitage is up 19.7%.
Average Age of Homes
- The median age of Hermitage real estate is 37 years old
The Rental Market in Hermitage
- Renters make up 42.4% of the Hermitage population
- 23.0% of houses and apartments in Hermitage, 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.