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
With a population of 3,443, 1,418 total housing units (homes and apartments), and a median house value of $85,550, the cost of homes in Paris is among some of the lowest in the nation. Compared to Arkansas, however, Paris real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Paris, accounting for 78.55% of the city's housing units. Other types of housing that are prevalent in Paris include mobile homes or trailers ( 9.62%), duplexes, homes converted to apartments or other small apartment buildings ( 8.18%), and a few row houses and other attached homes ( 2.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Paris. Owner-occupied housing accounts for 65.47% of Paris's homes, and 65.65% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Paris 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 Paris built between 1940-1969 ( 35.24%). A lesser amount of the housing stock also hails from before 1939 ( 17.44%). There's also some housing in Paris built between 2000 and later ( 8.30%).
Vacant housing appears to be an issue in Paris. Fully 15.29% of the housing stock is classified as vacant. Left unchecked, vacant Paris homes and apartments can be a drag on the real estate market, holding Paris 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.
Appreciation rates for homes in Paris have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.39%, which ranks in the top 30% nationwide. This equates to an annual average Paris house appreciation rate of 1.35%.
Over the last year, Paris appreciation rates have trailed the rest of the nation. In the last twelve months, Paris's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paris were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Paris's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Paris's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.
|$791,001 - $1,055,000||0.0|
|$528,001 - $791,000||0.1|
|$422,001 - $528,000||0.0|
|$317,001 - $422,000||0.1|
|$211,001 - $317,000||2.6|
|$105,001 - $211,000||28.5|
|$53,001 - $105,000||48.8|
|$0 - $53,000||19.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Paris HOMES|
|2000 or Newer||8.3|
|1970 - 1999||39.0|
|1940 - 1969||35.2|
|1939 or Older||17.4|
|TYPE OF Paris HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Paris HOMES|
|5 or more bedrooms||0.42|