Pine Bluff appreciation rates and housing market information

Pine Bluff housing market information

With a population of 54,618, 22,313 total housing units (homes and apartments), and a median house value of $81,338,

single-family detached homes are the single most common housing type in Pine Bluff, accounting for 73.32% of the city's housing units. Other types of housing that are prevalent in Pine Bluff include large apartment complexes or high rise apartments (11.70%), duplexes, homes converted to apartments, or other small apartment buildings (7.35%), mobile homes or trailers (5.19%), and a few row houses and other attached homes (2.38%).

The most prevalent building size and type in Pine Bluff are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.23% owning, and 36.47% renting.

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. Pine Bluff's housing was primarily built during this period, from the '40s through the '60s. A full 46.43% of the city's housing hails from this era. Other housing ages represented in Pine Bluff include homes built between 1970-1994 (42.27%), and housing constructed from 1939 and earlier (7.37%). There's also some housing in Pine Bluff built between 1995 and later (3.93%).

Vacant housing appears to be an issue in Pine Bluff. Fully 11.30% of the housing stock is classified as vacant. Left unchecked, vacant Pine Bluff homes and apartments can be a drag on the real estate market, holding Pine Bluff 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.

Pine Bluff home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Pine Bluff, where house values have increased just 41.23%, which is an average annual increase of 4.12%. NeighborhoodScout's data show that in the latest quarter, Pine Bluff house values appreciated -3.24%, which is an annualized rate of -12.96%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Pine Bluff appreciation rates have trailed the rest of the nation. In the last twelve months, Pine Bluff's appreciation rate has been -2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pine Bluff were at -3.24%, which equates to an annual appreciation rate of -12.96%.

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

Relative to Arkansas, our data show that Pine Bluff's latest annual appreciation rate is higher than 1% 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 Pine Bluff differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pine Bluff - 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 Pine Bluff real estate investment or home purchase decisions.