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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 10,668 people, 3,863 houses or apartments, and a median cost of homes of $135,882, house prices in Batesville are solidly below the national average.
Single-family detached homes are the single most common housing type in Batesville, accounting for 82.74% of the city's housing units. Other types of housing that are prevalent in Batesville include large apartment complexes or high rise apartments ( 8.29%), duplexes, homes converted to apartments or other small apartment buildings ( 7.48%), and a few mobile homes or trailers ( 1.21%).
The most prevalent building size and type in Batesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.45% owning and 40.55% renting.
There is a lot of housing in Batesville 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 Batesville built between 1940-1969 ( 24.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.76%). There's also some housing in Batesville built before 1939 ( 8.43%).
Vacant housing appears to be an issue in Batesville. Fully 13.17% of the housing stock is classified as vacant. Left unchecked, vacant Batesville homes and apartments can be a drag on the real estate market, holding Batesville 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.
Appreciation rates for homes in Batesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.95%, which ranks in the top 30% nationwide. This equates to an annual average Batesville house appreciation rate of 0.95%.
Appreciation rates are so strong in Batesville that despite a nationwide downturn in the housing market, Batesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Batesville appreciation rates continue to be some of the highest in America, at 5.82%, which is higher than appreciation rates in 72.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Batesville. Batesville appreciation rates in the latest quarter were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Batesville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Batesville's latest annual appreciation rate is higher than 80% 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 Batesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Batesville - 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 2000, to assist you in making the best Batesville real estate investment or home purchase decisions.
|$804,001 - $1,073,000||1.0|
|$536,001 - $804,000||1.4|
|$429,001 - $536,000||0.8|
|$322,001 - $429,000||3.1|
|$215,001 - $322,000||8.1|
|$107,001 - $215,000||39.7|
|$54,001 - $107,000||36.0|
|$0 - $54,000||10.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Batesville HOMES|
|2000 or Newer||13.8|
|1970 - 1999||53.5|
|1940 - 1969||24.3|
|1939 or Older||8.4|
|TYPE OF Batesville HOMES|
|Small Apt. Buildings||7.5|
|SIZE OF Batesville HOMES|
|5 or more bedrooms||3.35|