Bald Knob, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bald Knob, AR Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bald Knob Housing Market Information

With a population of 2,908, 1,142 total housing units (homes and apartments), and a median house value of $91,294, the cost of homes in Bald Knob is among some of the lowest in the nation. Compared to Arkansas, however, Bald Knob real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Bald Knob, accounting for 63.58% of the city's housing units. Other types of housing that are prevalent in Bald Knob include mobile homes or trailers ( 13.69%), duplexes, homes converted to apartments or other small apartment buildings ( 13.61%), and a few large apartment complexes or high rise apartments ( 7.80%).

The most prevalent building size and type in Bald Knob are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.19% owning and 40.81% renting.

There is a lot of housing in Bald Knob 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 Bald Knob built between 1940-1969 ( 38.85%). A lesser amount of the housing stock also hails from before 1939 ( 2.72%). There's also some housing in Bald Knob built between 2000 and later ( 1.77%).

Vacant housing appears to be an issue in Bald Knob. Fully 15.97% of the housing stock is classified as vacant. Left unchecked, vacant Bald Knob homes and apartments can be a drag on the real estate market, holding Bald Knob 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.

Bald Knob Home Appreciation Rates

In the last 10 years, Bald Knob has experienced some of the highest home appreciation rates of any community in the nation. Bald Knob real estate appreciated 20.69% over the last ten years, which is an average annual home appreciation rate of 1.90%, putting Bald Knob in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bald Knob definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bald Knob's appreciation rate, at 3.20%, has been at or slightly above the national average. In the latest quarter, Bald Knob's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Arkansas, our data show that Bald Knob's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$91,294

Bald Knob, AR HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 3.0
$535,001 - $802,000 0.0
$428,001 - $535,000 0.0
$321,001 - $428,000 2.4
$214,001 - $321,000 5.2
$107,001 - $214,000 27.4
$54,001 - $107,000 36.3
$0 - $54,000 25.7

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
83.0774639634361 52.112676056338

Number Of Homes And Apartments:
1,142

Bald Knob Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.98% 2.76% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$700 / per month

Homeownership Rate

Homeownership
Owners 59.19
Renters 40.81
Vacant 15.97

Housing Market Details

 

Age of Homes

AGE OF Bald Knob HOMES
2000 or Newer 1.8
1970 - 1999 56.7
1940 - 1969 38.9
1939 or Older 2.7

Types of Homes

TYPE OF Bald Knob HOMES
Single-Family 63.6
Townhomes 1.3
Small Apt. Buildings 13.6
Apt. Complexes 7.8
Mobile Homes 13.7
Other 0.0

Home Size

SIZE OF Bald Knob HOMES
No Bedroom 3.61
1 Bedroom 9.42
2 Bedrooms 24.28
3 Bedrooms 50.48
4 Bedrooms 11.77
5 or more bedrooms 0.44

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Zip Codes in Bald Knob, AR