If you are buying in Arkansas with the hopes of appreciation, you are buying for the wrong reason. Will your REI appreciate, more than likely, but it will not be a process that happens fast. If you can buy a REI and force appreciation, that is your best bet for appreciation here in Arkansas. Yes, NW Arkansas will appreciate faster than most of the rest of the state, but the prices are not as good as the rest of the state. I have lived in Arkansas my whole life, worked in the Real Estate industry for over 10 years now. We have hot spots that pop up here and there, ie Conway, NW Arkansas as well as a few others, but for the most part, appreciation is a long game here. In my opinion, the reason we have such great prices is because of the low rate at which the state's population is growing. Basically, supply and demand....Yes population growth has been steadily rising, but the needle moves pretty slow. I have noticed over the years we are starting to get more transplants from other states, such as from CA and some of the more NE states. People can sell their house for 1mil in CA, move here and buy a newer/bigger house for a 1/4 of the price and live well off the rest of their cash, plus their pensions usually go a lot further here as prices on everything haven't been inflated like some of the other states. Throw in the great hunting, fishings, boating and golfing thoroughout the state and you have a great little hidden gem in the middle of America.
