Blytheville, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blytheville, 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 Q1 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

Blytheville Housing Market Information

With 14,694 people, 6,284 houses or apartments, and a median cost of homes of $77,747, house prices in Blytheville are solidly below the national average.

Single-family detached homes are the single most common housing type in Blytheville, accounting for 73.02% of the city's housing units. Other types of housing that are prevalent in Blytheville include duplexes, homes converted to apartments or other small apartment buildings ( 18.17%), large apartment complexes or high rise apartments ( 4.77%), and a few row houses and other attached homes ( 2.20%).

The most prevalent building size and type in Blytheville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.71% owning and 46.29% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Blytheville's housing was primarily built during this period, from the '40s through the '60s. A full 46.86% of the city's housing hails from this era. Other housing ages represented in Blytheville include homes built between 1970-1999 ( 41.82%) and housing constructed between 2000 and later ( 7.34%). There's also some housing in Blytheville built before 1939 ( 3.98%).

Vacant housing appears to be an issue in Blytheville. Fully 22.34% of the housing stock is classified as vacant. Left unchecked, vacant Blytheville homes and apartments can be a drag on the real estate market, holding Blytheville 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.

Blytheville Home Appreciation Rates

Real estate appreciation rates in Blytheville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Over the last year, Blytheville appreciation rates have trailed the rest of the nation. In the last twelve months, Blytheville's appreciation rate has been -0.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blytheville were at -1.14%, which equates to an annual appreciation rate of -4.49%.

Notably, Blytheville's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$77,747

Blytheville, AR HOME PRICES

Value Range
> $1,002,000 0.1
$751,001 - $1,002,000 0.3
$501,001 - $751,000 0.8
$401,001 - $501,000 1.1
$301,001 - $401,000 0.8
$200,001 - $301,000 3.6
$100,001 - $200,000 19.2
$50,001 - $100,000 47.0
$0 - $50,000 27.3

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
91.8141333645845 69.3661971830986

Number Of Homes And Apartments:
6,284

Blytheville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
17.58% 0.94% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 53.71
Renters 46.29
Vacant 22.34

Housing Market Details

 

Age of Homes

AGE OF Blytheville HOMES
2000 or Newer 7.3
1970 - 1999 41.8
1940 - 1969 46.9
1939 or Older 4.0

Types of Homes

TYPE OF Blytheville HOMES
Single-Family 73.0
Townhomes 2.2
Small Apt. Buildings 18.2
Apt. Complexes 4.8
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Blytheville HOMES
No Bedroom 0.11
1 Bedroom 6.67
2 Bedrooms 28.63
3 Bedrooms 52.21
4 Bedrooms 10.78
5 or more bedrooms 1.59

Zip Codes in Blytheville, AR