Malvern, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Malvern, AR Real Estate Data


Malvern Housing Market Information

With a population of 10,928, 3,812 total housing units (homes and apartments), and a median house value of $84,813, house prices in Malvern are solidly below the national average.

Single-family detached homes are the single most common housing type in Malvern, accounting for 77.85% of the city's housing units. Other types of housing that are prevalent in Malvern include duplexes, homes converted to apartments or other small apartment buildings ( 9.70%), large apartment complexes or high rise apartments ( 7.08%), and a few mobile homes or trailers ( 4.68%).

The most prevalent building size and type in Malvern are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.51% owning and 56.49% 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. Malvern's housing was primarily built during this period, from the '40s through the '60s. A full 44.33% of the city's housing hails from this era. Other housing ages represented in Malvern include homes built between 1970-1999 ( 40.91%) and housing constructed before 1939 ( 8.88%). There's also some housing in Malvern built between 2000 and later ( 5.88%).

Vacant housing appears to be an issue in Malvern. Fully 15.38% of the housing stock is classified as vacant. Left unchecked, vacant Malvern homes and apartments can be a drag on the real estate market, holding Malvern 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.

Malvern Home Appreciation Rates

Appreciation rates for homes in Malvern have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.25%, which ranks in the top 30% nationwide. This equates to an annual average Malvern house appreciation rate of 0.98%.

NeighborhoodScout's data show that during the latest twelve months, Malvern's appreciation rate, at 3.41%, has been at or slightly above the national average. In the latest quarter, Malvern's appreciation rate has been 0.83%, which annualizes to a rate of 3.35%.

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

Average Home Values

 

Median Home Value:
$84,813

Malvern, AR HOME PRICES

Value Range
> $1,090,000 0.5
$817,001 - $1,090,000 0.0
$545,001 - $817,000 0.0
$436,001 - $545,000 0.2
$327,001 - $436,000 0.9
$218,001 - $327,000 4.9
$109,001 - $218,000 25.9
$54,001 - $109,000 42.4
$0 - $54,000 25.0

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
87.3901324270479 60.2112676056338

Number Of Homes And Apartments:
3,812

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Homeownership
Owners 43.51
Renters 56.49
Vacant 15.38

Housing Market Details

 

Age of Homes

AGE OF Malvern HOMES
2000 or Newer 5.9
1970 - 1999 40.9
1940 - 1969 44.3
1939 or Older 8.9

Types of Homes

TYPE OF Malvern HOMES
Single-Family 77.8
Townhomes 0.7
Small Apt. Buildings 9.7
Apt. Complexes 7.1
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Malvern HOMES
No Bedroom 2.73
1 Bedroom 7.19
2 Bedrooms 33.94
3 Bedrooms 47.70
4 Bedrooms 8.04
5 or more bedrooms 0.40

Malvern 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
38.84% 1.92% 6 5
* 10 is highest

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