Benton, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Benton Neighborhoods Since 2000




Benton, 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 Q2 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

Benton Housing Market Information

With 34,177 people, 11,923 houses or apartments, and a median cost of homes of $147,486, Benton real estate is some of the most expensive in Arkansas, although Benton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Benton, accounting for 78.05% of the city's housing units. Other types of housing that are prevalent in Benton include large apartment complexes or high rise apartments ( 9.52%), duplexes, homes converted to apartments or other small apartment buildings ( 5.79%), and a few mobile homes or trailers ( 5.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Benton. Owner-occupied housing accounts for 67.06% of Benton's homes, and 66.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Benton 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 Benton built between 2000 and later ( 31.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.00%). There's also some housing in Benton built before 1939 ( 3.09%).

Benton Home Appreciation Rates

Real estate appreciation rates in Benton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.03% during the period.

Over the last year, Benton appreciation rates have trailed the rest of the nation. In the last twelve months, Benton's appreciation rate has been 1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Benton were at 2.34%, which equates to an annual appreciation rate of 9.69%.

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

Average Home Values

 

Median Home Value:
$147,486

Benton, AR HOME PRICES

Value Range
> $1,046,000 0.1
$784,001 - $1,046,000 0.1
$523,001 - $784,000 0.2
$418,001 - $523,000 1.1
$314,001 - $418,000 2.2
$209,001 - $314,000 10.9
$105,001 - $209,000 52.7
$52,001 - $105,000 24.0
$0 - $52,000 8.7

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
52.5030739504655 14.7887323943662

Number Of Homes And Apartments:
11,923

Benton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
24.25% 1.25% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,019 / per month

Homeownership Rate

Homeownership
Owners 67.06
Renters 32.94
Vacant 7.77

Housing Market Details

 

Age of Homes

AGE OF Benton HOMES
2000 or Newer 31.5
1970 - 1999 41.4
1940 - 1969 24.0
1939 or Older 3.1

Types of Homes

TYPE OF Benton HOMES
Single-Family 78.1
Townhomes 1.2
Small Apt. Buildings 5.8
Apt. Complexes 9.5
Mobile Homes 5.3
Other 0.2

Home Size

SIZE OF Benton HOMES
No Bedroom 2.03
1 Bedroom 4.81
2 Bedrooms 25.20
3 Bedrooms 52.53
4 Bedrooms 13.64
5 or more bedrooms 1.79