Searcy is a great place to call home. Whether you’re looking for a historic home or a new modern home there are plenty of options for you and your family.Prices range from the very lowest priced livable home around
$50,000 to luxury homes for $1,000,000. In 2020, 454 homes were sold in Searcy with an average sales price of $139,625. Our housing market has tightened in recent years and it's no wonder. Searcy's median sales price is $158,000 compared to the national median sales price of $295,300.
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.
The Villas of Searcy, a 55 community offers one and two-bedroom apartments. Providence PCC and Harding Place both offer assisted living with the choice of studio, one-bedroom and two-bedroom apartments. These communities can provide you a home free from the rigors of housework, maintenance, and other chores. The Crossing, Oakdale Nursing Home and Searcy Health & Rehab are available to care for your loved ones with special needs.
Over 200 public housing units in Searcy are available for low income and elderly residents through individual apartment complexes or the Searcy Housing Authority, which may be reached at (501) 268-8547. White River Area Agency On Aging, Inc. also offers housing options for low-income seniors at six area housing developments.
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 40.6 (.406)