Piggott, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Piggott, 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

Piggott Housing Market Information

With a population of 3,655, 1,674 total housing units (homes and apartments), and a median house value of $78,866, house prices in Piggott are solidly below the national average.

Single-family detached homes are the single most common housing type in Piggott, accounting for 80.72% of the city's housing units. Other types of housing that are prevalent in Piggott include duplexes, homes converted to apartments or other small apartment buildings ( 9.34%), large apartment complexes or high rise apartments ( 6.65%), and a few mobile homes or trailers ( 2.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Piggott. Owner-occupied housing accounts for 71.80% of Piggott's homes, and 50.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Piggott 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 Piggott built between 1940-1969 ( 42.87%). A lesser amount of the housing stock also hails from before 1939 ( 5.02%). There's also some housing in Piggott built between 2000 and later ( 2.59%).

Vacant housing appears to be an issue in Piggott. Fully 15.07% of the housing stock is classified as vacant. Left unchecked, vacant Piggott homes and apartments can be a drag on the real estate market, holding Piggott 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.

Piggott Home Appreciation Rates

Appreciation rates for homes in Piggott have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.55%, which ranks in the top 50% nationwide. This equates to an annual average Piggott house appreciation rate of 0.05%.

Over the last year, Piggott appreciation rates have trailed the rest of the nation. In the last twelve months, Piggott's appreciation rate has been 1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Piggott were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$78,866

Piggott, AR HOME PRICES

Value Range
> $1,028,000 0.0
$771,001 - $1,028,000 0.0
$513,001 - $771,000 0.6
$411,001 - $513,000 1.2
$308,001 - $411,000 0.6
$206,001 - $308,000 2.5
$102,001 - $206,000 17.9
$51,001 - $102,000 51.7
$0 - $51,000 25.5

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
91.2457517871792 67.6056338028169

Number Of Homes And Apartments:
1,674

Piggott 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
31.36% 1.59% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$670 / per month

Homeownership Rate

Homeownership
Owners 71.80
Renters 28.20
Vacant 15.07

Housing Market Details

 

Age of Homes

AGE OF Piggott HOMES
2000 or Newer 2.6
1970 - 1999 49.5
1940 - 1969 42.9
1939 or Older 5.0

Types of Homes

TYPE OF Piggott HOMES
Single-Family 80.7
Townhomes 1.0
Small Apt. Buildings 9.3
Apt. Complexes 6.6
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Piggott HOMES
No Bedroom 2.84
1 Bedroom 11.26
2 Bedrooms 35.67
3 Bedrooms 44.55
4 Bedrooms 5.68
5 or more bedrooms 0.00

Popular Neighborhoods in Piggott

Zip Codes in Piggott, AR