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, 4,434 total housing units (homes and apartments), and a median house value of $71,452, house prices in Helena-West Helena are solidly below the national average.

Single-family detached homes are the single most common housing type in Helena-West Helena, accounting for 73.14% 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 ( 20.68%), large apartment complexes or high rise apartments ( 3.37%), and a few mobile homes or trailers ( 1.98%).

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 40.51% owning and 59.49% renting.

There is a lot of housing in Helena-West Helena 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 Helena-West Helena built between 1940-1969 ( 43.72%). A lesser amount of the housing stock also hails from before 1939 ( 6.35%). There's also some housing in Helena-West Helena built between 2000 and later ( 3.56%).

Vacant housing appears to be an issue in Helena-West Helena. Fully 23.47% 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 14.29%, which ranks in the top 30% nationwide. This equates to an annual average Helena-West Helena house appreciation rate of 1.34%.

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 2.69%, 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 0.65%, which equates to an annual appreciation rate of 2.64%.

Relative to Arkansas, our data show that Helena-West Helena's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$71,452

Helena-West Helena, AR HOME PRICES

Value Range
> $1,050,000 0.0
$788,001 - $1,050,000 0.0
$525,001 - $788,000 0.5
$420,001 - $525,000 0.0
$315,001 - $420,000 2.8
$210,001 - $315,000 4.1
$105,001 - $210,000 18.1
$52,001 - $105,000 37.0
$0 - $52,000 37.1

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
94.5740067971405 77.8169014084507

Number Of Homes And Apartments:
4,434

Rent & Ownership

 

Average Market Rent:
$738 / per month

Homeownership Rate

Homeownership
Owners 40.51
Renters 59.49
Vacant 23.47

Housing Market Details

 

Age of Homes

AGE OF Helena-West Helena HOMES
2000 or Newer 3.6
1970 - 1999 46.4
1940 - 1969 43.7
1939 or Older 6.4

Types of Homes

TYPE OF Helena-West Helena HOMES
Single-Family 73.1
Townhomes 0.8
Small Apt. Buildings 20.7
Apt. Complexes 3.4
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Helena-West Helena HOMES
No Bedroom 0.81
1 Bedroom 9.68
2 Bedrooms 32.76
3 Bedrooms 45.60
4 Bedrooms 9.44
5 or more bedrooms 1.71

Helena-West Helena 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
41.79% 2.04% 7 5
* 10 is highest

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Zip Codes in Helena-West Helena, AR