Nashville, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nashville, 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

Nashville Housing Market Information

With 4,479 people, 1,720 houses or apartments, and a median cost of homes of $102,667, house prices in Nashville are solidly below the national average.

Single-family detached homes are the single most common housing type in Nashville, accounting for 73.83% of the city's housing units. Other types of housing that are prevalent in Nashville include duplexes, homes converted to apartments or other small apartment buildings ( 14.86%), large apartment complexes or high rise apartments ( 5.76%), and a few mobile homes or trailers ( 4.04%).

The most prevalent building size and type in Nashville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.73% owning and 49.27% renting.

There is a lot of housing in Nashville 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 Nashville built between 1940-1969 ( 35.37%). A lesser amount of the housing stock also hails from before 1939 ( 8.29%). There's also some housing in Nashville built between 2000 and later ( 6.77%).

Vacant housing appears to be an issue in Nashville. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Nashville homes and apartments can be a drag on the real estate market, holding Nashville 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.

Nashville Home Appreciation Rates

Real estate appreciation rates in Nashville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Over the last year, Nashville appreciation rates have trailed the rest of the nation. In the last twelve months, Nashville's appreciation rate has been -3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nashville were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Arkansas, our data show that Nashville's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$102,667

Nashville, AR HOME PRICES

Value Range
> $1,013,000 0.6
$759,001 - $1,013,000 0.0
$506,001 - $759,000 0.0
$405,001 - $506,000 0.1
$304,001 - $405,000 1.2
$203,001 - $304,000 9.4
$101,001 - $203,000 32.5
$50,001 - $101,000 34.9
$0 - $50,000 21.2

Average for AR
Low for Nation

Value Relative to Nation Value Relative to State
75.8496425641627 41.0211267605634

Number Of Homes And Apartments:
1,720

Nashville 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
14.54% 0.79% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$721 / per month

Homeownership Rate

Homeownership
Owners 50.73
Renters 49.27
Vacant 13.09

Housing Market Details

 

Age of Homes

AGE OF Nashville HOMES
2000 or Newer 6.8
1970 - 1999 49.6
1940 - 1969 35.4
1939 or Older 8.3

Types of Homes

TYPE OF Nashville HOMES
Single-Family 73.8
Townhomes 1.5
Small Apt. Buildings 14.9
Apt. Complexes 5.8
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Nashville HOMES
No Bedroom 0.35
1 Bedroom 12.03
2 Bedrooms 30.62
3 Bedrooms 51.24
4 Bedrooms 5.00
5 or more bedrooms 0.76

Popular Neighborhoods in Nashville

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Zip Codes in Nashville, AR