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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bella Vista, AR Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bella Vista, AR Housing Market Trends

With a population of 31,733, 12,531 total housing units (homes and apartments), and a median house value of $392,410, Bella Vista real estate is some of the most expensive in Arkansas, although Bella Vista home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bella Vista, accounting for 90.08% of the city's housing units. Other types of housing that are prevalent in Bella Vista include row houses and other attached homes ( 5.30%), large apartment complexes or high rise apartments ( 2.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bella Vista. Owner-occupied housing accounts for 88.00% of Bella Vista's homes, and 70.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bella Vista 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 Bella Vista built between 2000 and later ( 34.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.27%).

Bella Vista Home Appreciation Rates

In the last 10 years, Bella Vista has experienced some of the highest home appreciation rates of any community in the nation. Bella Vista real estate appreciated 152.68% over the last ten years, which is an average annual home appreciation rate of 9.71%, putting Bella Vista in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bella Vista definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bella Vista that despite a nationwide downturn in the housing market, Bella Vista real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bella Vista appreciation rates continue to be some of the highest in America, at 7.44%, which is higher than appreciation rates in 78.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bella Vista. Bella Vista appreciation rates in the latest quarter were at -0.34%, which equates to an annual appreciation rate of -1.36%.

Relative to Arkansas, our data show that Bella Vista's latest annual appreciation rate is higher than 90% 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 Bella Vista differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bella Vista - 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 Bella Vista real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$392,410

Bella Vista, AR Home Prices
> $1,488,000
$1,116,001 - $1,488,000
$744,001 - $1,116,000
$595,001 - $744,000
$447,001 - $595,000
$298,001 - $447,000
$149,001 - $298,000
$75,001 - $149,000
$0 - $75,000
2.1%
2.1%
4.0%
4.0%
5.6%
5.6%
6.7%
6.7%
18.0%
18.0%
28.1%
28.1%
30.7%
30.7%
3.0%
3.0%
1.7%
1.7%
0% 100.0%
% of Homes
Very High

for Arkansas

High

for nation

Number of Homes And Apartments:

12,531

Bella Vista Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,857 / per month

Homeownership Rate

Owners
Renters
88.0%
88.0%
12.0%
12.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.7%
9.7%
90.3%
90.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.5%
34.5%
60.6%
60.6%
4.3%
4.3%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
90.1%
90.1%
5.3%
5.3%
1.5%
1.5%
2.0%
2.0%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
0.7%
0.7%
24.9%
24.9%
60.1%
60.1%
10.3%
10.3%
3.4%
3.4%
0% 100.0%
% of Homes