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 about Scout's Real Estate Data
With 29,906 people, 11,027 houses or apartments, and a median cost of homes of $203,715, 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 70.64% 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 ( 13.69%), large apartment complexes or high rise apartments ( 8.25%), and a few mobile homes or trailers ( 4.86%).
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 56.55% owning and 43.45% 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 ( 31.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.60%). There's also some housing in Paragould built before 1939 ( 3.16%).
Paragould's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Paragould during the period has been just 4.70%, which is lower than 70% of US communities.
Appreciation rates are so strong in Paragould that despite a nationwide downturn in the housing market, Paragould real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Paragould appreciation rates continue to be some of the highest in America, at 7.38%, which is higher than appreciation rates in 79.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Paragould. Paragould appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.38%.
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.
$1,287 / per month