Heber Springs, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Heber 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 Q2 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

Heber Springs Housing Market Information

With a population of 7,156, 2,763 total housing units (homes and apartments), and a median house value of $148,971, Heber Springs real estate is some of the most expensive in Arkansas, although Heber Springs home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Heber Springs, accounting for 81.67% of the city's housing units. Other types of housing that are prevalent in Heber Springs include duplexes, homes converted to apartments or other small apartment buildings ( 10.56%), large apartment complexes or high rise apartments ( 4.14%), and a few mobile homes or trailers ( 3.32%).

The most prevalent building size and type in Heber Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.43% owning and 40.57% renting.

There is a lot of housing in Heber Springs 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 Heber Springs built between 1940-1969 ( 18.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.61%). There's also some housing in Heber Springs built before 1939 ( 4.82%).

Vacant housing appears to be an issue in Heber Springs. Fully 15.17% of the housing stock is classified as vacant. Left unchecked, vacant Heber Springs homes and apartments can be a drag on the real estate market, holding Heber 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.

Heber Springs Home Appreciation Rates

Appreciation rates for homes in Heber Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.40%, which ranks in the top 50% nationwide. This equates to an annual average Heber Springs house appreciation rate of 0.43%.

Over the last year, Heber Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Heber Springs's appreciation rate has been 0.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Heber Springs were at 0.58%, which equates to an annual appreciation rate of 2.33%.

Relative to Arkansas, our data show that Heber Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$148,971

Heber Springs, AR HOME PRICES

Value Range
> $1,009,000 0.0
$757,001 - $1,009,000 0.9
$504,001 - $757,000 2.0
$404,001 - $504,000 3.0
$303,001 - $404,000 8.7
$202,001 - $303,000 12.5
$101,001 - $202,000 43.1
$50,001 - $101,000 19.6
$0 - $50,000 10.1

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
51.8297324199309 13.0281690140845

Number Of Homes And Apartments:
2,763

Heber Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
43.00% 2.07% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$841 / per month

Homeownership Rate

Homeownership
Owners 59.43
Renters 40.57
Vacant 15.17

Housing Market Details

 

Age of Homes

AGE OF Heber Springs HOMES
2000 or Newer 16.6
1970 - 1999 60.2
1940 - 1969 18.4
1939 or Older 4.8

Types of Homes

TYPE OF Heber Springs HOMES
Single-Family 81.7
Townhomes 0.3
Small Apt. Buildings 10.6
Apt. Complexes 4.1
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Heber Springs HOMES
No Bedroom 1.84
1 Bedroom 3.84
2 Bedrooms 24.72
3 Bedrooms 58.24
4 Bedrooms 9.67
5 or more bedrooms 1.69

Popular Neighborhoods in Heber Springs

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Zip Codes in Heber Springs, AR