Texarkana, TX-AR

The Texarkana, TX-AR metropolitan statistical area (MSA) is located in the southwestern corner of Arkansas and northeastern corner of Texas. The MSA covers a total of 9 counties; Bowie County, TX, Cass County, TX, Franklin County, AR, Harrison County, TX, Miller County, AR, Montgomery County, TX, Polk County, TX, Sevier County, AR and Little River County. According to the 2010 census the population of the MSA was 143 thousand. The economy in the Texarkana MSA is driven by healthcare services and retail trade. The two largest employers are Wadley Regional Medical Center and Christus St Michael Health System.

The housing market in the Texarkana MSA has been on an upward trend since 2012. The median home price in the MSA is $140 thousand which is up from $134 thousand in 2012. The number of homes sold has also increased from 1 thousand in 2012 to 1.4 thousand in 2016. The average days on market for a home has decreased from 90 days in 2012 to 60 days in 2016. This trend is being driven by population growth and job creation in the healthcare industry.