Helena-West Helena, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Helena-West Helena, AR Real Estate Data


Helena-West Helena Housing Market Information

With a population of 11,109, 4,561 total housing units (homes and apartments), and a median house value of $85,290, the cost of homes in Helena-West Helena is among some of the lowest in the nation. Compared to Arkansas, however, Helena-West Helena real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Helena-West Helena, accounting for 71.59% of the city's housing units. Other types of housing that are prevalent in Helena-West Helena include duplexes, homes converted to apartments or other small apartment buildings ( 20.93%), large apartment complexes or high rise apartments ( 3.82%), and a few mobile homes or trailers ( 2.75%).

The most prevalent building size and type in Helena-West Helena are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.71% owning and 58.29% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Helena-West Helena's housing was primarily built during this period, from the '40s through the '60s. A full 46.35% of the city's housing hails from this era. Other housing ages represented in Helena-West Helena include homes built between 1970-1999 ( 44.71%) and housing constructed before 1939 ( 4.97%). There's also some housing in Helena-West Helena built between 2000 and later ( 3.96%).

Vacant housing appears to be an issue in Helena-West Helena. Fully 20.71% of the housing stock is classified as vacant. Left unchecked, vacant Helena-West Helena homes and apartments can be a drag on the real estate market, holding Helena-West Helena 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.

Helena-West Helena Home Appreciation Rates

Appreciation rates for homes in Helena-West Helena have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.80%, which ranks in the top 30% nationwide. This equates to an annual average Helena-West Helena house appreciation rate of 1.65%.

Over the last year, Helena-West Helena appreciation rates have trailed the rest of the nation. In the last twelve months, Helena-West Helena's appreciation rate has been 3.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Helena-West Helena were at 1.56%, which equates to an annual appreciation rate of 6.38%.

Relative to Arkansas, our data show that Helena-West Helena's latest annual appreciation rate is lower than 60% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$85,290

Helena-West Helena, AR HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.4
$435,001 - $544,000 0.0
$326,001 - $435,000 3.4
$218,001 - $326,000 5.2
$109,001 - $218,000 16.2
$55,001 - $109,000 38.6
$0 - $55,000 36.2

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
88.2649177255958 59.8591549295775

Number Of Homes And Apartments:
4,561

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 41.71
Renters 58.29
Vacant 20.71

Housing Market Details

 

Age of Homes

AGE OF Helena-West Helena HOMES
2000 or Newer 4.0
1970 - 1999 44.7
1940 - 1969 46.3
1939 or Older 5.0

Types of Homes

TYPE OF Helena-West Helena HOMES
Single-Family 71.6
Townhomes 0.9
Small Apt. Buildings 20.9
Apt. Complexes 3.8
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Helena-West Helena HOMES
No Bedroom 0.16
1 Bedroom 10.21
2 Bedrooms 31.88
3 Bedrooms 46.52
4 Bedrooms 9.16
5 or more bedrooms 2.07

Helena-West Helena Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
44.36% 2.18% 7 5
* 10 is highest

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Zip Codes in Helena-West Helena, AR