Perry County, Arkansas is a great place to invest in real estate. The county has a population of just over 20,000 people and is located in the central part of the state. The county seat is Perryville, and the largest city is Morrilton.
The median home value in Perry County is $128,000, which is lower than the national average of $184,700. However, prices are on the rise in Perry County. In the past year, home values have increased by 7.4%. This trend is expected to continue throughout 2019.
There are many reasons to invest in Perry County real estate. One reason is that there are numerous opportunities for fix-and-flip projects. With home values on the rise, investors can purchase properties at a low price and then sell them for a profit after making repairs and renovations.
Another reason to invest in Perry County real estate is that there is a strong demand for rental properties. The vacancy rate for rentals in Perry County is only 2%. This means that there are more people looking for rentals than there are available units. As a result, investors who own rental properties can charge higher rents and still have their units rented out most of the time.
Price Index: Little Rock-North Little Rock-Conway, AR