Plainview appreciation rates and housing market information

Plainview housing market information

With a population of 1,450, 2,535 total housing units (homes and apartments), and a median house value of $79,740,

single-family detached homes are the single most common housing type in Plainview, accounting for 68.80% of the town's housing units. Other types of housing that are prevalent in Plainview include mobile homes or trailers (25.29%), row houses and other attached homes (1.42%), large apartment complexes or high rise apartments (1.14%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.71%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Plainview. Owner-occupied housing accounts for 63.63% of Plainview's homes, and 51.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plainview 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 Plainview built from 1940-1969 (30.06%). A lesser amount of the housing stock also hails from 1939 and earlier (12.39%), and some were built from 1995 and later (12.39%).

Plainview home appreciation rates

Real estate appreciation rates in Plainview have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.34% during the period.

Appreciation rates are so strong in Plainview that despite a nationwide downturn in the housing market, Plainview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plainview appreciation rates continue to be some of the highest in America, at 4.68%, which is higher than appreciation rates in 88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plainview. Plainview appreciation rates in the latest quarter were at 1.04%, which equates to an annual appreciation rate of 4.16%.

Relative to Arkansas, our data show that Plainview's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.