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 about Scout's Real Estate Data
With a population of 2,762, 896 total housing units (homes and apartments), and a median house value of $114,678, house prices in Gosnell are solidly below the national average.
Single-family detached homes are the single most common housing type in Gosnell, accounting for 78.49% of the city's housing units. Other types of housing that are prevalent in Gosnell include duplexes, homes converted to apartments or other small apartment buildings ( 16.41%), mobile homes or trailers ( 5.10%).
The most prevalent building size and type in Gosnell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.54% owning and 35.46% renting.
There is a lot of housing in Gosnell 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 Gosnell built between 1940-1969 ( 18.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.93%). There's also some housing in Gosnell built before 1939 ( 1.28%).
Vacant housing appears to be an issue in Gosnell. Fully 18.32% of the housing stock is classified as vacant. Left unchecked, vacant Gosnell homes and apartments can be a drag on the real estate market, holding Gosnell 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Gosnell, where house values have increased just 28.85%, which is annualized rate of 2.57%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Gosnell's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Gosnell's appreciation rate has been 2.22%, which annualizes to a rate of 9.19%.
Importantly, this makes Gosnell one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arkansas, our data show that Gosnell's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.
$114,678
for Arkansas
for nation
896
$1,263 / per month