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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,431 people, 879 houses or apartments, and a median cost of homes of $111,274, house prices in Mayflower are solidly below the national average.
Single-family detached homes are the single most common housing type in Mayflower, accounting for 69.35% of the city's housing units. Other types of housing that are prevalent in Mayflower include mobile homes or trailers ( 17.78%), large apartment complexes or high rise apartments ( 10.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).
Dwellings in Mayflower tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.69% of the homes in Mayflower have two or fewer bedrooms.
There is a lot of housing in Mayflower 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 Mayflower built between 2000 and later ( 29.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.50%). There's also some housing in Mayflower built before 1939 ( 1.18%).
Vacant housing appears to be an issue in Mayflower. Fully 13.65% of the housing stock is classified as vacant. Left unchecked, vacant Mayflower homes and apartments can be a drag on the real estate market, holding Mayflower 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.
Appreciation rates for homes in Mayflower have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.75%, which ranks in the top 40% nationwide. This equates to an annual average Mayflower house appreciation rate of 0.66%.
Over the last year, Mayflower appreciation rates have trailed the rest of the nation. In the last twelve months, Mayflower's appreciation rate has been -2.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mayflower were at -1.17%, which equates to an annual appreciation rate of -4.59%.
Notably, Mayflower's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Mayflower's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.
|$773,001 - $1,031,000||0.0|
|$515,001 - $773,000||0.3|
|$412,001 - $515,000||1.7|
|$309,001 - $412,000||2.3|
|$206,001 - $309,000||11.4|
|$103,001 - $206,000||38.7|
|$52,001 - $103,000||27.6|
|$0 - $52,000||17.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mayflower HOMES|
|2000 or Newer||29.4|
|1970 - 1999||47.0|
|1940 - 1969||22.5|
|1939 or Older||1.2|
|TYPE OF Mayflower HOMES|
|Small Apt. Buildings||2.8|
|SIZE OF Mayflower HOMES|
|5 or more bedrooms||0.00|