DeWitt, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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DeWitt, 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

DeWitt Housing Market Information

With a population of 3,183, 1,232 total housing units (homes and apartments), and a median house value of $61,134, house prices in DeWitt are some of the most affordable in Arkansas as well as the nation.

Single-family detached homes are the single most common housing type in DeWitt, accounting for 73.78% of the city's housing units. Other types of housing that are prevalent in DeWitt include mobile homes or trailers ( 14.81%), duplexes, homes converted to apartments or other small apartment buildings ( 7.61%), and a few large apartment complexes or high rise apartments ( 3.40%).

The most prevalent building size and type in DeWitt are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.38% owning and 44.62% renting.

There is a lot of housing in DeWitt 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 DeWitt built between 1940-1969 ( 38.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.58%). There's also some housing in DeWitt built before 1939 ( 6.52%).

Vacant housing appears to be an issue in DeWitt. Fully 16.30% of the housing stock is classified as vacant. Left unchecked, vacant DeWitt homes and apartments can be a drag on the real estate market, holding DeWitt 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.

DeWitt Home Appreciation Rates

Appreciation rates for homes in DeWitt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.32%, which ranks in the top 50% nationwide. This equates to an annual average DeWitt house appreciation rate of 0.03%.

Over the last year, DeWitt appreciation rates have trailed the rest of the nation. In the last twelve months, DeWitt's appreciation rate has been 2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in DeWitt were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$61,134

DeWitt, AR HOME PRICES

Value Range
> $1,024,000 0.0
$769,001 - $1,024,000 0.0
$512,001 - $769,000 0.5
$410,001 - $512,000 1.0
$307,001 - $410,000 3.0
$205,001 - $307,000 5.5
$102,001 - $205,000 19.8
$51,001 - $102,000 37.7
$0 - $51,000 32.5

Very Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
97.820227352631 90.4929577464789

Number Of Homes And Apartments:
1,232

DeWitt 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
34.66% 1.74% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$696 / per month

Homeownership Rate

Homeownership
Owners 55.38
Renters 44.62
Vacant 16.30

Housing Market Details

 

Age of Homes

AGE OF DeWitt HOMES
2000 or Newer 9.6
1970 - 1999 45.2
1940 - 1969 38.7
1939 or Older 6.5

Types of Homes

TYPE OF DeWitt HOMES
Single-Family 73.8
Townhomes 0.4
Small Apt. Buildings 7.6
Apt. Complexes 3.4
Mobile Homes 14.8
Other 0.0

Home Size

SIZE OF DeWitt HOMES
No Bedroom 0.61
1 Bedroom 6.11
2 Bedrooms 24.80
3 Bedrooms 58.90
4 Bedrooms 9.31
5 or more bedrooms 0.27

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Zip Codes in DeWitt, AR