Bentonville, Arkansas is experiencing a real estate boom as the corporate headquarters of Walmart attracts new residents seeking a lower cost of living and enhanced cultural amenities. Many newcomers hail from states like California, New York, and Texas, with comparisons drawn to Austin's early growth phases. As this trend continues, home prices have surged, with the February median list price rising 49% over five years. Real estate advisers point out that deep-pocketed newcomers see homes as bargains, driving additional growth in the housing market.
The continued success of this market is due to its approachable price point and the real economic growth happening in the area, says Berner.
We have had an influx from Austin, I think, because people see this as Austin before it got too big, says Funk.
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