Centerton, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Centerton, AR Real Estate Data


Centerton Housing Market Information

With a population of 12,023, 3,572 total housing units (homes and apartments), and a median house value of $165,717, Centerton real estate is some of the most expensive in Arkansas, although Centerton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Centerton, accounting for 79.00% of the city's housing units. Other types of housing that are prevalent in Centerton include large apartment complexes or high rise apartments ( 7.42%), row houses and other attached homes ( 6.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.01%).

The most prevalent building size and type in Centerton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.24% owning and 38.76% renting.

Centerton homes and real estate are some of the newest in America. 59.02% of Centerton'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 Centerton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.86%), and before 1939 ( 3.59%). There's also some housing in Centerton built between 1940-1969 ( 3.54%).

Centerton Home Appreciation Rates

Real estate appreciation rates in Centerton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Appreciation rates are so strong in Centerton that despite a nationwide downturn in the housing market, Centerton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centerton appreciation rates continue to be some of the highest in America, at 5.79%, which is higher than appreciation rates in 71.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centerton. Centerton appreciation rates in the latest quarter were at 2.05%, which equates to an annual appreciation rate of 8.46%.

Importantly, this makes Centerton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Arkansas, our data show that Centerton's latest annual appreciation rate is higher than 80% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$165,717

Centerton, AR HOME PRICES

Value Range
> $1,187,000 0.0
$891,001 - $1,187,000 0.0
$593,001 - $891,000 1.5
$475,001 - $593,000 1.1
$356,001 - $475,000 5.1
$237,001 - $356,000 13.8
$119,001 - $237,000 59.2
$59,001 - $119,000 12.9
$0 - $59,000 6.0

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
43.0563693894293 7.3943661971831

Number Of Homes And Apartments:
3,572

Rent & Ownership

 

Average Market Rent:
$943 / per month

Homeownership Rate

Homeownership
Owners 61.24
Renters 38.76
Vacant 2.86

Housing Market Details

 

Age of Homes

AGE OF Centerton HOMES
2000 or Newer 59.0
1970 - 1999 33.9
1940 - 1969 3.5
1939 or Older 3.6

Types of Homes

TYPE OF Centerton HOMES
Single-Family 79.0
Townhomes 6.6
Small Apt. Buildings 6.0
Apt. Complexes 7.4
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Centerton HOMES
No Bedroom 0.82
1 Bedroom 4.19
2 Bedrooms 17.30
3 Bedrooms 57.27
4 Bedrooms 18.33
5 or more bedrooms 2.09

Centerton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
41.68% 2.04% 7 5
* 10 is highest

Popular Neighborhoods in Centerton

Zip Codes in Centerton, AR