Benton appreciation rates and housing market information

Benton housing market information

With 22,038 people, 9,291 houses or apartments, and a median cost of homes of $138,800, Benton real estate is some of the most expensive in Arkansas, although Benton home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Benton, accounting for 79.37% of the city's housing units. Other types of housing that are prevalent in Benton include large apartment complexes or high rise apartments (8.57%), duplexes, homes converted to apartments, or other small apartment buildings (6.18%), mobile homes or trailers (4.38%), and a few row houses and other attached homes (1.22%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Benton. Owner-occupied housing accounts for 62.99% of Benton's homes, and 58.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Benton built from 1970-1994, 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 Benton built from 1940-1969 (38.82%). A lesser amount of the housing stock also hails from 1995 and later (14.05%), and some were built from 1939 and earlier (14.05%).

Benton home appreciation rates

Real estate appreciation rates in Benton have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.88% during the period.

NeighborhoodScout's data show that during the latest twelve months, Benton home appreciation rates, at 2.79%, have been at or slightly above the national average. In the latest quarter, Benton's appreciation rate has been 1.63%, which annualizes to a rate of 6.52%.

Importantly, this makes Benton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Arkansas, our data show that Benton's latest annual appreciation rate is higher than 56% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Benton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Benton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Benton real estate investment or home purchase decisions.