Mountain Pine appreciation rates and housing market information

Mountain Pine housing market information

With a population of 749, 349 total housing units (homes and apartments), and a median house value of $38,442, house prices in Mountain Pine 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 Mountain Pine, accounting for 69.05% of the city's housing units. Other types of housing that are prevalent in Mountain Pine include mobile homes or trailers (21.49%), large apartment complexes or high rise apartments (7.74%), and a few row houses and other attached homes (1.72%).

Dwellings in Mountain Pine tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 56.73% of the homes in Mountain Pine have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mountain Pine's housing was primarily built during this period, from the '40s through the '60s. A full 37.53% of the city's housing hails from this era. Other housing ages represented in Mountain Pine include homes built between 1970-1994 (32.09%), and housing constructed from 1939 and earlier (26.08%). There's also some housing in Mountain Pine built between 1995 and later (4.30%).

Vacant housing appears to be an issue in Mountain Pine. Fully 13.19% of the housing stock is classified as vacant. Left unchecked, vacant Mountain Pine homes and apartments can be a drag on the real estate market, holding Mountain Pine 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.

Mountain Pine home appreciation rates

Real estate appreciation rates in Mountain Pine have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.24% during the period.

NeighborhoodScout's data show that during the latest twelve months, Mountain Pine home appreciation rates, at 1.31%, have been at or slightly above the national average. In the latest quarter, Mountain Pine's appreciation rate has been -0.59%, which annualizes to a rate of -2.36%.

Notably, Mountain Pine's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Mountain Pine's latest annual appreciation rate is higher than 35% of the other cities and towns in Arkansas.