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 a population of 27,999, 11,781 total housing units (homes and apartments), and a median house value of $191,808, 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 86.94% of the town's housing units. Other types of housing that are prevalent in Bella Vista include row houses and other attached homes ( 6.15%), duplexes, homes converted to apartments or other small apartment buildings ( 3.36%), and a few large apartment complexes or high rise apartments ( 2.21%).
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 86.68% of Bella Vista's homes, and 66.21% 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 ( 29.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.75%).
Vacant housing appears to be an issue in Bella Vista. Fully 12.53% of the housing stock is classified as vacant. Left unchecked, vacant Bella Vista homes and apartments can be a drag on the real estate market, holding Bella Vista 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.
Real estate appreciation rates in Bella Vista's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.
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 9.99%, which is higher than appreciation rates in 92.61% 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 1.08%, which equates to an annual appreciation rate of 4.38%.
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 town. 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.
|$916,001 - $1,222,000||0.6|
|$611,001 - $916,000||2.8|
|$489,001 - $611,000||3.8|
|$367,001 - $489,000||5.7|
|$244,001 - $367,000||17.8|
|$122,001 - $244,000||48.8|
|$61,001 - $122,000||16.7|
|$0 - $61,000||3.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Bella Vista HOMES|
|2000 or Newer||29.4|
|1970 - 1999||64.2|
|1940 - 1969||5.7|
|1939 or Older||0.6|
|TYPE OF Bella Vista HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Bella Vista HOMES|
|5 or more bedrooms||2.04|