Paragould, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Paragould, 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

Paragould Housing Market Information

With 27,900 people, 10,695 houses or apartments, and a median cost of homes of $104,412, house prices in Paragould are solidly below the national average.

Single-family detached homes are the single most common housing type in Paragould, accounting for 75.69% of the city's housing units. Other types of housing that are prevalent in Paragould include duplexes, homes converted to apartments or other small apartment buildings ( 10.68%), large apartment complexes or high rise apartments ( 8.47%), and a few mobile homes or trailers ( 4.28%).

The most prevalent building size and type in Paragould are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.87% owning and 44.13% renting.

There is a lot of housing in Paragould 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 Paragould built between 2000 and later ( 22.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.57%). There's also some housing in Paragould built before 1939 ( 7.49%).

Paragould Home Appreciation Rates

Appreciation rates for homes in Paragould have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.02%, which ranks in the top 40% nationwide. This equates to an annual average Paragould house appreciation rate of 0.49%.

Over the last year, Paragould appreciation rates have trailed the rest of the nation. In the last twelve months, Paragould's appreciation rate has been 2.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paragould were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Paragould differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paragould - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paragould real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$104,412

Paragould, AR HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.1
$522,001 - $782,000 0.5
$417,001 - $522,000 0.7
$313,001 - $417,000 1.3
$208,001 - $313,000 9.5
$104,001 - $208,000 38.6
$52,001 - $104,000 30.3
$0 - $52,000 18.9

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
74.6689323801711 37.3239436619718

Number Of Homes And Apartments:
10,695

Paragould 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
22.22% 1.17% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 55.87
Renters 44.13
Vacant 5.95

Housing Market Details

 

Age of Homes

AGE OF Paragould HOMES
2000 or Newer 22.4
1970 - 1999 52.5
1940 - 1969 17.6
1939 or Older 7.5

Types of Homes

TYPE OF Paragould HOMES
Single-Family 75.7
Townhomes 0.9
Small Apt. Buildings 10.7
Apt. Complexes 8.5
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Paragould HOMES
No Bedroom 0.78
1 Bedroom 4.16
2 Bedrooms 33.42
3 Bedrooms 49.85
4 Bedrooms 10.02
5 or more bedrooms 1.77