Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,258, 3,562 total housing units (homes and apartments), and a median house value of $244,146, house prices in Arkadelphia are solidly below the national average.
Single-family detached homes are the single most common housing type in Arkadelphia, accounting for 52.32% of the city's housing units. Other types of housing that are prevalent in Arkadelphia include large apartment complexes or high rise apartments ( 30.82%), duplexes, homes converted to apartments or other small apartment buildings ( 12.99%), and a few mobile homes or trailers ( 2.47%).
Arkadelphia is dominated by renter-occupied one, two, or no bedrooms apartments. 68.41% of Arkadelphia's dwellings are rentals.
There is a lot of housing in Arkadelphia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Arkadelphia built between 2000 and later ( 26.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.12%). There's also some housing in Arkadelphia built before 1939 ( 5.22%).
Vacant housing appears to be an issue in Arkadelphia. Fully 15.55% of the housing stock is classified as vacant. Left unchecked, vacant Arkadelphia homes and apartments can be a drag on the real estate market, holding Arkadelphia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Arkadelphia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Arkadelphia during the period has been just 5.33%, which is lower than 70% of US communities.
Appreciation rates are so strong in Arkadelphia that despite a nationwide downturn in the housing market, Arkadelphia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arkadelphia appreciation rates continue to be some of the highest in America, at 13.04%, which is higher than appreciation rates in 95.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arkadelphia. Arkadelphia appreciation rates in the latest quarter were at 2.97%, which equates to an annual appreciation rate of 12.43%.
Relative to Arkansas, our data show that Arkadelphia's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.
$244,146
for Arkansas
for nation
3,562
$1,238 / per month