Searcy is a great place to call home. Growth in the community has been balanced by a desire to maintain small town character. Even in the new developments, planners and builders strive to keep the traditional feel. Whether you’re looking for a historic home or a new modern home there are plenty of options for you and your family.
Approximately 400 homes are normally for sale in the Searcy area and 800 in the county. Homes are available in all price ranges, from the very lowest priced livable house around $50,000 to a high cost of $1,000,000. In 2017, there were 370 single family homes sold in Searcy with an average sale price of $131,987. For the entire area, there were 536 homes sold with the average sales price being $129,470. Home construction costs presently start at $99 + per square foot. There are many starter homes on the market in the $100,000 range. The average list price was $136,020 for the Searcy area.
A variety of rental options are available in our area. Single family homes are available for rent as well as apartments, duplexes, triplexes, and fourplexes. There is no central rental agency to help in finding rentals, but information can be found in the local paper and most of the real estate firms are helpful in directing new people to housing possibilities.
Personal Property Tax
Property tax is calculated based on 20% of the fair market value of real and personal property and the average annual value of merchants' stocks and/or manufacturers' inventories based on millage rates in individual school districts. Business firms and individuals are subject to annual property tax on all real and personal property.
Millage rates can vary according to several factors including school districts within the city.
Example: $100,000 value X 20% = $20,000
$ 20,000 multiplied by the millage of 39.8 (.0398)
There are over 200 public housing units in Searcy. Public assistance housing is available for low income and elderly residents through individual apartment complexes or the Searcy Housing Authority which may be reached at 268-8547.
NEIGHBORHOOD PRICE RANGES
Northfield $ 120,000 - $ 165,000
Valley Elms $ 130,000 - $ 325,000
Charlestown $ 140,000 - $ 350,000
Skyline Meadows $ 145,000 - $ 200,000
River Oaks $ 125,000 - $ 950,000
Emerald Lake $ 200,000 - $ 800,000
Southwind $ 160,000 - $ 275,000
Saddlebrook $ 200,000 - $ 300,000
The Dominion $ 250,000 - $450,000