Lowell appreciation rates and housing market information

Lowell housing market information

With a population of 9,339, 6,652 total housing units (homes and apartments), and a median house value of $188,347, Lowell real estate is some of the most expensive in Arkansas, although Lowell home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Lowell, accounting for 80.02% of the town's housing units. Other types of housing that are prevalent in Lowell include mobile homes or trailers (9.41%), large apartment complexes or high rise apartments (5.68%), duplexes, homes converted to apartments, or other small apartment buildings (2.90%), and a few row houses and other attached homes (1.32%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Lowell. Owner-occupied housing accounts for 72.90% of Lowell's homes, and 70.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lowell 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 Lowell built from 1995 and later (39.33%). A lesser amount of the housing stock also hails from 1940-1969 (12.70%), and some were built from 1939 and earlier (12.70%).

Lowell home appreciation rates

Appreciation rates for homes in Lowell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.59%, which ranks in the top 40% nationwide. This equates to an annual average Lowell house appreciation rate of 8.15%.

NeighborhoodScout's data show that during the latest twelve months, Lowell home appreciation rates, at -0.08%, have been at or slightly above the national average. In the latest quarter, Lowell's appreciation rate has been 0.50%, which annualizes to a rate of 2.00%.

Relative to Arkansas, our data show that Lowell's latest annual appreciation rate is higher than 18% of the other cities and towns in Arkansas.