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 about Scout's Real Estate Data
With 56,734 people, 19,573 houses or apartments, and a median cost of homes of $414,790, Bentonville real estate is some of the most expensive in Arkansas, although Bentonville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Bentonville, accounting for 62.81% of the city's housing units. Other types of housing that are prevalent in Bentonville include large apartment complexes or high rise apartments ( 22.37%), duplexes, homes converted to apartments or other small apartment buildings ( 8.07%), and a few row houses and other attached homes ( 6.13%).
The most prevalent building size and type in Bentonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.14% owning and 49.86% renting.
Bentonville homes and real estate are some of the newest in America. 57.62% of Bentonville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bentonville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.08%), and between 1940-1969 ( 4.85%).
In the last 10 years, Bentonville has experienced some of the highest home appreciation rates of any community in the nation. Bentonville real estate appreciated 142.46% over the last ten years, which is an average annual home appreciation rate of 9.26%, putting Bentonville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bentonville 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 Bentonville that despite a nationwide downturn in the housing market, Bentonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bentonville appreciation rates continue to be some of the highest in America, at 9.20%, which is higher than appreciation rates in 91.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bentonville. Bentonville appreciation rates in the latest quarter were at 5.61%, which equates to an annual appreciation rate of 24.42%.
Importantly, NeighborhoodScout’s exclusive research found that Bentonville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Arkansas, our data show that Bentonville'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 Bentonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bentonville - 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 Bentonville real estate investment or home purchase decisions.
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