Centerton, AR Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Centerton, AR Housing Market Trends

With 16,244 people, 4,996 houses or apartments, and a median cost of homes of $239,758, 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 75.67% of the city's housing units. Other types of housing that are prevalent in Centerton include row houses and other attached homes ( 10.29%), large apartment complexes or high rise apartments ( 8.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.47%).

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 61.71% owning and 38.29% renting.

Centerton homes and real estate are some of the newest in America. 70.67% 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 ( 25.13%), and between 1940-1969 ( 2.24%). There's also some housing in Centerton built before 1939 ( 1.97%).

Centerton Home Appreciation Rates

In the last 10 years, Centerton has experienced some of the highest home appreciation rates of any community in the nation. Centerton real estate appreciated 69.27% over the last ten years, which is an average annual home appreciation rate of 5.40%, putting Centerton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Centerton 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 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 10.99%, which is higher than appreciation rates in 76.23% 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 2.84%, which equates to an annual appreciation rate of 11.86%.

Relative to Arkansas, our data show that Centerton's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$239,758

Centerton, AR HOME PRICES

> $1,278,000
0.1%
0.1%
$958,001 - $1,278,000
1.9%
1.9%
$639,001 - $958,000
0.5%
0.5%
$511,001 - $639,000
1.9%
1.9%
$384,001 - $511,000
11.3%
11.3%
$256,001 - $384,000
25.7%
25.7%
$128,001 - $256,000
48.9%
48.9%
$64,001 - $128,000
6.5%
6.5%
$0 - $64,000
3.1%
3.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for AR

Value Relative To Nation

Number Of Homes And Apartments:
4,996

Centerton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
97.16% 3.21%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,337 / per month

Homeownership Rate

Owners
61.7%
61.7%
Renters
38.3%
38.3%
Vacant
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
70.7%
70.7%
1970 - 1999
25.1%
25.1%
1940 - 1969
2.2%
2.2%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.7%
75.7%
Townhomes
10.3%
10.3%
Small Apt. Buildings
3.5%
3.5%
Apt. Complexes
8.3%
8.3%
Mobile Homes
2.3%
2.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
5.9%
5.9%
2 Bedrooms
12.5%
12.5%
3 Bedrooms
53.4%
53.4%
4 Bedrooms
25.2%
25.2%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Centerton

Zip Codes in Centerton, AR