Greers Ferry, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greers Ferry, 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

Greers Ferry Housing Market Information

With a population of 871, 354 total housing units (homes and apartments), and a median house value of $122,436, house prices in Greers Ferry are solidly below the national average.

Single-family detached homes are the single most common housing type in Greers Ferry, accounting for 68.92% of the city's housing units. Other types of housing that are prevalent in Greers Ferry include mobile homes or trailers ( 22.69%), duplexes, homes converted to apartments or other small apartment buildings ( 5.70%), and a few row houses and other attached homes ( 1.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greers Ferry. Owner-occupied housing accounts for 73.16% of Greers Ferry's homes, and 63.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Greers Ferry 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 Greers Ferry built between 2000 and later ( 25.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.27%). There's also some housing in Greers Ferry built before 1939 ( 2.04%).

A decent proportion of the Greers Ferry housing stock is seasonally occupied. That is, homes and condos in Greers Ferry are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Greers Ferry housing market speaks to its popularity as a vacation location of choice.

Greers Ferry Home Appreciation Rates

Appreciation rates for homes in Greers Ferry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.35%, which ranks in the top 40% nationwide. This equates to an annual average Greers Ferry house appreciation rate of 0.62%.

Over the last year, Greers Ferry appreciation rates have trailed the rest of the nation. In the last twelve months, Greers Ferry's appreciation rate has been 1.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greers Ferry were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$122,436

Greers Ferry, AR HOME PRICES

Value Range
> $1,031,000 0.5
$773,001 - $1,031,000 1.1
$515,001 - $773,000 4.7
$412,001 - $515,000 3.5
$309,001 - $412,000 6.9
$206,001 - $309,000 16.4
$103,001 - $206,000 31.8
$51,001 - $103,000 18.8
$0 - $51,000 16.4

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
64.1187155748271 25.3521126760563

Number Of Homes And Apartments:
354

Greers Ferry 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
38.12% 1.89% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$692 / per month

Homeownership Rate

Homeownership
Owners 73.16
Renters 26.84
Vacant 61.94

Housing Market Details

 

Age of Homes

AGE OF Greers Ferry HOMES
2000 or Newer 25.5
1970 - 1999 57.2
1940 - 1969 15.3
1939 or Older 2.0

Types of Homes

TYPE OF Greers Ferry HOMES
Single-Family 68.9
Townhomes 1.6
Small Apt. Buildings 5.7
Apt. Complexes 1.1
Mobile Homes 22.7
Other 0.0

Home Size

SIZE OF Greers Ferry HOMES
No Bedroom 3.44
1 Bedroom 4.19
2 Bedrooms 25.91
3 Bedrooms 55.38
4 Bedrooms 7.96
5 or more bedrooms 3.12

Popular Neighborhoods in Greers Ferry

Zip Codes in Greers Ferry, AR