According to statistics, the population in Cave City, AR amounts to 2,615, which shows growth 11% compared to the previous year. The median age of the city’s residents is 36. The average household income is $30,461, shifting growth 7% from the past year, and the average property value in Cave City, AR decline -2% to $67,400 throughout the year.
Population | 2,615 |
Median Age | 36.4 |
Poverty Rate | 29% |
Household Income | $30,461 |
Number Of Employees | 1,015 |
Median Property Value | $67,400 |
The average household income in Cave City, AR grew from $28,431 to $30,461 in the past year. This data is an estimate based upon 1,003 households in Cave City, AR . The chart below presents how household income is distributed in Cave City, AR in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cave City, AR shifted from $69,000 to $67,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cave City, AR in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cave City, AR properties falls in the '$60,000 to $69,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cave City, AR compared to median property taxes around the country. The prevalent amount of property taxes in Cave City, AR equals $800, which is less than the national average.
Apartment Size | Feb | vs Last Month |
---|---|---|
Studio apartments | $300,438 | -13.2% |
2-bed apartments | $139,900 | +0% |
3-bed apartments | $221,500 | +12% |
4+ bed apartments | $195,000 | -28% |
During February 2023, the average price for an apartment in/near Cave City, AR decreased by 8.6% to $239,571.
Knowing the current property prices is key if you plan to buy a studio in Cave City, AR. The average price for a studio has decreased since the last month, currently being $300,438. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $139,900. A 3-bed apartment goes for $221,500, it increased by 12% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 28% and made it down to $195,000.
Listing Type | Feb | vs Last Month |
---|---|---|
Land for sale | $261,700 | -5.2% |
Houses for sale | $230,350 | -4.2% |
While assessing the property pricing Cave City, AR, you can note that it remains flat with a price tag of $474,950. Price reports demonstrate that house price decreased by 4.2% this month making it up to $230,350. The average price of the land for sale in Cave City, AR has decreased by 5.2%, and now equals $261,700.