Booneville, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Booneville Neighborhoods Since 2000




Booneville, 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

Booneville Housing Market Information

With a population of 3,888, 1,617 total housing units (homes and apartments), and a median house value of $81,465, house prices in Booneville are solidly below the national average.

Single-family detached homes are the single most common housing type in Booneville, accounting for 77.36% of the city's housing units. Other types of housing that are prevalent in Booneville include duplexes, homes converted to apartments or other small apartment buildings ( 14.71%), large apartment complexes or high rise apartments ( 6.01%), and a few mobile homes or trailers ( 1.49%).

The most prevalent building size and type in Booneville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.85% owning and 50.15% 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. Booneville's housing was primarily built during this period, from the '40s through the '60s. A full 50.30% of the city's housing hails from this era. Other housing ages represented in Booneville include homes built between 1970-1999 ( 33.06%) and housing constructed between 2000 and later ( 10.80%). There's also some housing in Booneville built before 1939 ( 5.84%).

Vacant housing appears to be an issue in Booneville. Fully 10.91% of the housing stock is classified as vacant. Left unchecked, vacant Booneville homes and apartments can be a drag on the real estate market, holding Booneville 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.

Booneville Home Appreciation Rates

Appreciation rates for homes in Booneville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.99%, which ranks in the top 50% nationwide. This equates to an annual average Booneville house appreciation rate of 0.39%.

Over the last year, Booneville appreciation rates have trailed the rest of the nation. In the last twelve months, Booneville's appreciation rate has been 1.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Booneville were at 0.58%, which equates to an annual appreciation rate of 2.33%.

Relative to Arkansas, our data show that Booneville's latest annual appreciation rate is lower than 60% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$81,465

Booneville, AR HOME PRICES

Value Range
> $1,050,000 2.8
$787,001 - $1,050,000 0.0
$525,001 - $787,000 0.0
$420,001 - $525,000 0.0
$315,001 - $420,000 0.0
$210,001 - $315,000 2.2
$105,001 - $210,000 27.9
$52,001 - $105,000 42.5
$0 - $52,000 24.6

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
90.2219099478892 64.0845070422535

Number Of Homes And Apartments:
1,617

Booneville 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
50.12% 2.35% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 49.85
Renters 50.15
Vacant 10.91

Housing Market Details

 

Age of Homes

AGE OF Booneville HOMES
2000 or Newer 10.8
1970 - 1999 33.1
1940 - 1969 50.3
1939 or Older 5.8

Types of Homes

TYPE OF Booneville HOMES
Single-Family 77.4
Townhomes 0.4
Small Apt. Buildings 14.7
Apt. Complexes 6.0
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Booneville HOMES
No Bedroom 3.91
1 Bedroom 8.26
2 Bedrooms 35.10
3 Bedrooms 43.91
4 Bedrooms 8.21
5 or more bedrooms 0.61

Popular Neighborhoods in Booneville

Popular Communities Near Booneville, AR

Zip Codes in Booneville, AR