Dardanelle, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dardanelle, AR Real Estate Data


Dardanelle Housing Market Information

With 4,659 people, 1,676 houses or apartments, and a median cost of homes of $179,774, Dardanelle real estate is some of the most expensive in Arkansas, although Dardanelle home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Dardanelle, accounting for 72.74% of the city's housing units. Other types of housing that are prevalent in Dardanelle include duplexes, homes converted to apartments or other small apartment buildings ( 13.13%), large apartment complexes or high rise apartments ( 11.19%), and a few mobile homes or trailers ( 2.21%).

The most prevalent building size and type in Dardanelle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.49% owning and 56.51% renting.

There is a lot of housing in Dardanelle built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dardanelle built between 1940-1969 ( 37.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.56%). There's also some housing in Dardanelle built before 1939 ( 8.46%).

Vacant housing appears to be an issue in Dardanelle. Fully 11.97% of the housing stock is classified as vacant. Left unchecked, vacant Dardanelle homes and apartments can be a drag on the real estate market, holding Dardanelle 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.

Dardanelle Home Appreciation Rates

In the last 10 years, Dardanelle has experienced some of the highest home appreciation rates of any community in the nation. Dardanelle real estate appreciated 32.30% over the last ten years, which is an average annual home appreciation rate of 2.84%, putting Dardanelle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dardanelle definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Dardanelle's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Dardanelle's appreciation rate has been 1.06%, which annualizes to a rate of 4.30%.

Relative to Arkansas, our data show that Dardanelle's latest annual appreciation rate is higher than 70% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$179,774

Dardanelle, AR HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.0
$558,001 - $837,000 0.0
$446,001 - $558,000 3.0
$335,001 - $446,000 2.6
$224,001 - $335,000 14.6
$111,001 - $224,000 30.5
$56,001 - $111,000 38.2
$0 - $56,000 11.1

Very High for AR
High for Nation

Value Relative to Nation Value Relative to State
37.993671627798 5.28169014084507

Number Of Homes And Apartments:
1,676

Rent & Ownership

 

Average Market Rent:
$902 / per month

Homeownership Rate

Homeownership
Owners 43.49
Renters 56.51
Vacant 11.97

Housing Market Details

 

Age of Homes

AGE OF Dardanelle HOMES
2000 or Newer 10.6
1970 - 1999 43.5
1940 - 1969 37.5
1939 or Older 8.5

Types of Homes

TYPE OF Dardanelle HOMES
Single-Family 72.7
Townhomes 0.7
Small Apt. Buildings 13.1
Apt. Complexes 11.2
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Dardanelle HOMES
No Bedroom 4.25
1 Bedroom 6.41
2 Bedrooms 34.51
3 Bedrooms 45.75
4 Bedrooms 6.78
5 or more bedrooms 2.31

Dardanelle 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
63.86% 2.90% 10 8
* 10 is highest

Popular Neighborhoods in Dardanelle

Zip Codes in Dardanelle, AR