Dumas, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dumas Neighborhoods Since 2000




Dumas, 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

Dumas Housing Market Information

With 4,323 people, 1,889 houses or apartments, and a median cost of homes of $58,990, house prices in Dumas 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 Dumas, accounting for 62.70% of the city's housing units. Other types of housing that are prevalent in Dumas include duplexes, homes converted to apartments or other small apartment buildings ( 15.20%), mobile homes or trailers ( 10.86%), and a few large apartment complexes or high rise apartments ( 9.84%).

The most prevalent building size and type in Dumas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.33% owning and 51.67% renting.

There is a lot of housing in Dumas 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 Dumas built between 1940-1969 ( 27.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.85%). There's also some housing in Dumas built before 1939 ( 4.52%).

Vacant housing appears to be an issue in Dumas. Fully 11.93% of the housing stock is classified as vacant. Left unchecked, vacant Dumas homes and apartments can be a drag on the real estate market, holding Dumas 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.

Dumas Home Appreciation Rates

Dumas's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dumas during the period has been just -1.40%, which is lower than 80% of US communities.

Over the last year, Dumas appreciation rates have trailed the rest of the nation. In the last twelve months, Dumas's appreciation rate has been 1.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dumas were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$58,990

Dumas, AR HOME PRICES

Value Range
> $1,016,000 0.0
$762,001 - $1,016,000 0.0
$508,001 - $762,000 0.0
$406,001 - $508,000 0.0
$305,001 - $406,000 2.6
$203,001 - $305,000 2.2
$102,001 - $203,000 12.8
$51,001 - $102,000 32.6
$0 - $51,000 49.8

Very Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
98.26555724833 91.9014084507042

Number Of Homes And Apartments:
1,889

Dumas 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
17.89% 0.96% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$765 / per month

Homeownership Rate

Homeownership
Owners 48.33
Renters 51.67
Vacant 11.93

Housing Market Details

 

Age of Homes

AGE OF Dumas HOMES
2000 or Newer 4.8
1970 - 1999 63.3
1940 - 1969 27.4
1939 or Older 4.5

Types of Homes

TYPE OF Dumas HOMES
Single-Family 62.7
Townhomes 1.4
Small Apt. Buildings 15.2
Apt. Complexes 9.8
Mobile Homes 10.9
Other 0.0

Home Size

SIZE OF Dumas HOMES
No Bedroom 0.75
1 Bedroom 7.79
2 Bedrooms 33.57
3 Bedrooms 47.51
4 Bedrooms 10.02
5 or more bedrooms 0.37

Popular Neighborhoods in Dumas

Zip Codes in Dumas, AR