Eureka Springs, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Eureka Springs Neighborhoods Since 2000




Eureka Springs, 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

Eureka Springs Housing Market Information

With 2,083 people, 978 houses or apartments, and a median cost of homes of $164,261, Eureka Springs real estate is some of the most expensive in Arkansas, although Eureka Springs home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Eureka Springs, accounting for 83.27% of the city's housing units. Other types of housing that are prevalent in Eureka Springs include duplexes, homes converted to apartments or other small apartment buildings ( 7.58%), large apartment complexes or high rise apartments ( 6.54%), and a few mobile homes or trailers ( 1.34%).

People in Eureka Springs primarily live in small (one, two or no bedroom) single-family detached homes. Eureka Springs has a mixture of owner-occupied and renter-occupied housing.

The housing in Eureka Springs was primarily built before 1939 ( 43.64%), making the housing stock in Eureka Springs some of the oldest overall in America, although there is a range of ages of homes in Eureka Springs. The next most important housing age is between 1970-1999 ( 38.22%), followed by between 1940-1969 ( 15.76%). There's also some housing in Eureka Springs built between 2000 and later ( 2.38%).

Vacant housing appears to be an issue in Eureka Springs. Fully 27.29% of the housing stock is classified as vacant. Left unchecked, vacant Eureka Springs homes and apartments can be a drag on the real estate market, holding Eureka Springs 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.

Eureka Springs Home Appreciation Rates

Real estate appreciation rates in Eureka Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

Over the last year, Eureka Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Eureka Springs's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eureka Springs were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Arkansas, our data show that Eureka Springs's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$164,261

Eureka Springs, AR HOME PRICES

Value Range
> $996,000 0.0
$747,001 - $996,000 0.0
$498,001 - $747,000 2.0
$398,001 - $498,000 1.1
$299,001 - $398,000 5.8
$199,001 - $299,000 24.8
$100,001 - $199,000 43.3
$50,001 - $100,000 13.6
$0 - $50,000 9.3

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
43.9763272002813 7.74647887323944

Number Of Homes And Apartments:
978

Eureka Springs 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
31.27% 1.59% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$812 / per month

Homeownership Rate

Homeownership
Owners 61.57
Renters 38.43
Vacant 27.29

Housing Market Details

 

Age of Homes

AGE OF Eureka Springs HOMES
2000 or Newer 2.4
1970 - 1999 38.2
1940 - 1969 15.8
1939 or Older 43.6

Types of Homes

TYPE OF Eureka Springs HOMES
Single-Family 83.3
Townhomes 1.3
Small Apt. Buildings 7.6
Apt. Complexes 6.5
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Eureka Springs HOMES
No Bedroom 5.80
1 Bedroom 13.98
2 Bedrooms 29.74
3 Bedrooms 33.61
4 Bedrooms 11.90
5 or more bedrooms 4.98

Popular Neighborhoods in Eureka Springs

Zip Codes in Eureka Springs, AR