Little Flock, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Little Flock, AR Real Estate Data


Little Flock Housing Market Information

With 2,748 people, 1,132 houses or apartments, and a median cost of homes of $208,983, Little Flock real estate is some of the most expensive in Arkansas, although Little Flock home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Little Flock, accounting for 53.65% of the city's housing units. Other types of housing that are prevalent in Little Flock include single-family detached homes ( 37.97%), duplexes, homes converted to apartments or other small apartment buildings ( 7.14%), and a few mobile homes or trailers ( 1.24%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Little Flock is dominated by renter-occupied one, two, or no bedrooms apartments. 66.07% of Little Flock's dwellings are rentals.

There is a lot of housing in Little Flock 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 Little Flock built between 2000 and later ( 21.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.80%). There's also some housing in Little Flock built before 1939 ( 2.10%).

Vacant housing appears to be an issue in Little Flock. Fully 12.11% of the housing stock is classified as vacant. Left unchecked, vacant Little Flock homes and apartments can be a drag on the real estate market, holding Little Flock 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.

Little Flock Home Appreciation Rates

Real estate appreciation rates in Little Flock's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.25% during the period.

NeighborhoodScout's data show that during the latest twelve months, Little Flock's appreciation rate, at 4.69%, has been at or slightly above the national average. In the latest quarter, Little Flock's appreciation rate has been 0.60%, which annualizes to a rate of 2.42%.

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

Relative to Arkansas, our data show that Little Flock's latest annual appreciation rate is higher than 80% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$208,983

Little Flock, AR HOME PRICES

Value Range
> $1,220,000 0.0
$915,001 - $1,220,000 0.2
$610,001 - $915,000 1.6
$488,001 - $610,000 2.1
$367,001 - $488,000 14.6
$244,001 - $367,000 21.3
$122,001 - $244,000 38.7
$61,001 - $122,000 14.2
$0 - $61,000 7.3

Very High for AR
High for Nation

Value Relative to Nation Value Relative to State
30.9597704514845 3.16901408450704

Number Of Homes And Apartments:
1,132

Rent & Ownership

 

Average Market Rent:
$932 / per month

Homeownership Rate

Homeownership
Owners 33.93
Renters 66.07
Vacant 12.11

Housing Market Details

 

Age of Homes

AGE OF Little Flock HOMES
2000 or Newer 21.8
1970 - 1999 73.3
1940 - 1969 2.8
1939 or Older 2.1

Types of Homes

TYPE OF Little Flock HOMES
Single-Family 38.0
Townhomes 0.0
Small Apt. Buildings 7.1
Apt. Complexes 53.6
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Little Flock HOMES
No Bedroom 0.39
1 Bedroom 21.74
2 Bedrooms 40.22
3 Bedrooms 26.55
4 Bedrooms 9.16
5 or more bedrooms 1.94

Little Flock 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
40.39% 2.02% 6 5
* 10 is highest

Popular Neighborhoods in Little Flock

Zip Codes in Little Flock, AR