Mountain View, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mountain View, AR Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mountain View Housing Market Information

With a population of 2,837, 1,301 total housing units (homes and apartments), and a median house value of $110,181, house prices in Mountain View are solidly below the national average.

Single-family detached homes are the single most common housing type in Mountain View, accounting for 61.15% of the city's housing units. Other types of housing that are prevalent in Mountain View include mobile homes or trailers ( 18.45%), large apartment complexes or high rise apartments ( 10.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.93%).

People in Mountain View primarily live in small (one, two or no bedroom) single-family detached homes. Mountain View has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Mountain View 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 Mountain View built between 1940-1969 ( 27.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.95%). There's also some housing in Mountain View built before 1939 ( 2.61%).

Vacant housing appears to be an issue in Mountain View. Fully 15.19% of the housing stock is classified as vacant. Left unchecked, vacant Mountain View homes and apartments can be a drag on the real estate market, holding Mountain View 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.

Mountain View Home Appreciation Rates

Appreciation rates for homes in Mountain View have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.79%, which ranks in the top 40% nationwide. This equates to an annual average Mountain View house appreciation rate of 0.75%.

Over the last year, Mountain View appreciation rates have trailed the rest of the nation. In the last twelve months, Mountain View's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mountain View were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$110,181

Mountain View, AR HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.0
$521,001 - $782,000 0.0
$417,001 - $521,000 2.6
$313,001 - $417,000 4.6
$209,001 - $313,000 23.2
$104,001 - $209,000 18.7
$52,001 - $104,000 25.1
$0 - $52,000 25.8

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
71.2938005390836 32.3943661971831

Number Of Homes And Apartments:
1,301

Mountain View Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
43.08% 2.10% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$657 / per month

Homeownership Rate

Homeownership
Owners 47.36
Renters 52.64
Vacant 15.19

Housing Market Details

 

Age of Homes

AGE OF Mountain View HOMES
2000 or Newer 14.0
1970 - 1999 56.0
1940 - 1969 27.4
1939 or Older 2.6

Types of Homes

TYPE OF Mountain View HOMES
Single-Family 61.1
Townhomes 4.0
Small Apt. Buildings 5.9
Apt. Complexes 10.4
Mobile Homes 18.4
Other 0.0

Home Size

SIZE OF Mountain View HOMES
No Bedroom 2.28
1 Bedroom 9.91
2 Bedrooms 41.26
3 Bedrooms 35.72
4 Bedrooms 10.82
5 or more bedrooms 0.00

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Zip Codes in Mountain View, AR