Eureka Springs, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eureka Springs, AR Real Estate Data


Eureka Springs Housing Market Information

With a population of 2,083, 978 total housing units (homes and apartments), and a median house value of $165,835, 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 -0.10% during the period.

NeighborhoodScout's data show that during the latest twelve months, Eureka Springs's appreciation rate, at 4.37%, has been at or slightly above the national average. In the latest quarter, Eureka Springs's appreciation rate has been 1.06%, which annualizes to a rate of 4.29%.

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

Average Home Values

 

Median Home Value:
$165,835

Eureka Springs, AR HOME PRICES

Value Range
> $1,005,000 0.0
$754,001 - $1,005,000 0.0
$503,001 - $754,000 2.0
$402,001 - $503,000 1.1
$302,001 - $402,000 5.8
$201,001 - $302,000 24.8
$100,001 - $201,000 43.3
$51,001 - $100,000 13.6
$0 - $51,000 9.3

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
43.0270713699754 7.04225352112676

Number Of Homes And Apartments:
978

Rent & Ownership

 

Average Market Rent:
$793 / 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

Eureka Springs 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
32.93% 1.66% 4 4
* 10 is highest

Popular Neighborhoods in Eureka Springs

Zip Codes in Eureka Springs, AR