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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Helena-West Helena, AR Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Helena-West Helena, AR Housing Market Trends

With 8,872 people, 3,595 houses or apartments, and a median cost of homes of $100,315, house prices in Helena-West Helena are some of the most affordable in Arkansas as well as the nation.

Single-family detached homes are the single most common housing type in Helena-West Helena, accounting for 72.94% of the city's housing units. Other types of housing that are prevalent in Helena-West Helena include duplexes, homes converted to apartments or other small apartment buildings ( 16.12%), large apartment complexes or high rise apartments ( 7.64%), and a few mobile homes or trailers ( 2.94%).

The most prevalent building size and type in Helena-West Helena are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.72% owning and 54.28% renting.

There is a lot of housing in Helena-West Helena 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 Helena-West Helena built between 1940-1969 ( 33.16%). A lesser amount of the housing stock also hails from before 1939 ( 6.67%). There's also some housing in Helena-West Helena built between 2000 and later ( 3.55%).

Vacant housing appears to be an issue in Helena-West Helena. Fully 29.92% of the housing stock is classified as vacant. Left unchecked, vacant Helena-West Helena homes and apartments can be a drag on the real estate market, holding Helena-West Helena 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.

Helena-West Helena Home Appreciation Rates

Helena-West Helena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Helena-West Helena during the period has been just 4.73%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Helena-West Helena's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Helena-West Helena's appreciation rate has been 2.22%, which annualizes to a rate of 9.17%.

Importantly, this makes Helena-West Helena 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 Helena-West Helena's latest annual appreciation rate is lower than 70% of the other cities and towns in Arkansas.

Average Home Values

Median Home Value

$100,315

Helena-West Helena, AR Home Prices
> $1,372,000
$1,029,001 - $1,372,000
$686,001 - $1,029,000
$549,001 - $686,000
$411,001 - $549,000
$275,001 - $411,000
$137,001 - $275,000
$68,001 - $137,000
$0 - $68,000
0.5%
0.5%
0.9%
0.9%
0.2%
0.2%
0.4%
0.4%
1.2%
1.2%
6.1%
6.1%
28.8%
28.8%
35.9%
35.9%
26.0%
26.0%
0% 100.0%
% of Homes
Very Low

for Arkansas

Very Low

for nation

Number of Homes And Apartments:

3,595

Helena-West Helena Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,229 / per month

Homeownership Rate

Owners
Renters
45.7%
45.7%
54.3%
54.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
29.9%
29.9%
70.1%
70.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.5%
3.5%
56.6%
56.6%
33.2%
33.2%
6.7%
6.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.9%
72.9%
0.4%
0.4%
16.1%
16.1%
7.6%
7.6%
2.9%
2.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
8.1%
8.1%
24.6%
24.6%
56.9%
56.9%
8.9%
8.9%
0.9%
0.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Helena-West Helena

Zip Codes in Helena-West Helena, AR