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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,083 people, 978 houses or apartments, and a median cost of homes of $167,109, 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eureka Springs during the period has been just -0.56%, which is lower than 70% of US communities.
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 1.96%, 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 0.57%, which equates to an annual appreciation rate of 2.31%.
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 lower than 50% of the other cities and towns in Arkansas.
|$760,001 - $1,013,000||0.0|
|$507,001 - $760,000||2.0|
|$405,001 - $507,000||1.1|
|$304,001 - $405,000||5.8|
|$203,001 - $304,000||24.8|
|$101,001 - $203,000||43.3|
|$51,001 - $101,000||13.6|
|$0 - $51,000||9.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Eureka Springs HOMES|
|2000 or Newer||2.4|
|1970 - 1999||38.2|
|1940 - 1969||15.8|
|1939 or Older||43.6|
|TYPE OF Eureka Springs HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Eureka Springs HOMES|
|5 or more bedrooms||4.98|