Ozark, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ozark, 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

Ozark Housing Market Information

With a population of 3,590, 1,373 total housing units (homes and apartments), and a median house value of $95,889, the cost of homes in Ozark is among some of the lowest in the nation. Compared to Arkansas, however, Ozark real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Ozark, accounting for 83.16% of the city's housing units. Other types of housing that are prevalent in Ozark include duplexes, homes converted to apartments or other small apartment buildings ( 6.44%), mobile homes or trailers ( 5.46%), and a few large apartment complexes or high rise apartments ( 3.90%).

The most prevalent building size and type in Ozark are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.43% owning and 57.57% renting.

There is a lot of housing in Ozark 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 Ozark built between 1940-1969 ( 39.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.13%). There's also some housing in Ozark built before 1939 ( 1.76%).

Vacant housing appears to be an issue in Ozark. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Ozark homes and apartments can be a drag on the real estate market, holding Ozark 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.

Ozark Home Appreciation Rates

Appreciation rates for homes in Ozark have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.52%, which ranks in the top 30% nationwide. This equates to an annual average Ozark house appreciation rate of 1.19%.

Over the last year, Ozark appreciation rates have trailed the rest of the nation. In the last twelve months, Ozark's appreciation rate has been 2.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ozark were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Arkansas, our data show that Ozark's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$95,889

Ozark, AR HOME PRICES

Value Range
> $1,053,000 3.2
$790,001 - $1,053,000 0.0
$526,001 - $790,000 2.3
$421,001 - $526,000 0.0
$316,001 - $421,000 0.7
$211,001 - $316,000 5.9
$105,001 - $211,000 27.6
$53,001 - $105,000 39.6
$0 - $53,000 20.6

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
80.2648540958631 47.1830985915493

Number Of Homes And Apartments:
1,373

Ozark 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
46.50% 2.24% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$755 / per month

Homeownership Rate

Homeownership
Owners 42.43
Renters 57.57
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Ozark HOMES
2000 or Newer 8.1
1970 - 1999 50.7
1940 - 1969 39.4
1939 or Older 1.8

Types of Homes

TYPE OF Ozark HOMES
Single-Family 83.2
Townhomes 1.0
Small Apt. Buildings 6.4
Apt. Complexes 3.9
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Ozark HOMES
No Bedroom 0.00
1 Bedroom 4.62
2 Bedrooms 24.32
3 Bedrooms 67.17
4 Bedrooms 3.90
5 or more bedrooms 0.00

Popular Neighborhoods in Ozark

Zip Codes in Ozark, AR