Piggott, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Piggott, AR Real Estate Data


Piggott Housing Market Information

With a population of 3,655, 1,675 total housing units (homes and apartments), and a median house value of $86,690, the cost of homes in Piggott is among some of the lowest in the nation. Compared to Arkansas, however, Piggott real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Piggott, accounting for 82.54% of the city's housing units. Other types of housing that are prevalent in Piggott include large apartment complexes or high rise apartments ( 7.44%), duplexes, homes converted to apartments or other small apartment buildings ( 6.77%), and a few mobile homes or trailers ( 2.63%).

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 72.51% of Piggott's homes, and 51.50% 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 ( 40.34%). A lesser amount of the housing stock also hails from before 1939 ( 6.04%). There's also some housing in Piggott built between 2000 and later ( 4.18%).

Vacant housing appears to be an issue in Piggott. Fully 13.48% 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 9.22%, which ranks in the top 40% nationwide. This equates to an annual average Piggott house appreciation rate of 0.89%.

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 3.62%, 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 1.56%, which equates to an annual appreciation rate of 6.38%.

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

Average Home Values

 

Median Home Value:
$86,690

Piggott, AR HOME PRICES

Value Range
> $1,078,000 0.0
$809,001 - $1,078,000 0.0
$539,001 - $809,000 0.7
$431,001 - $539,000 1.7
$324,001 - $431,000 1.2
$216,001 - $324,000 2.0
$108,001 - $216,000 23.3
$54,001 - $108,000 46.8
$0 - $54,000 24.3

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
87.3572641564678 57.3943661971831

Number Of Homes And Apartments:
1,675

Rent & Ownership

 

Average Market Rent:
$725 / per month

Homeownership Rate

Homeownership
Owners 72.51
Renters 27.49
Vacant 13.48

Housing Market Details

 

Age of Homes

AGE OF Piggott HOMES
2000 or Newer 4.2
1970 - 1999 49.4
1940 - 1969 40.3
1939 or Older 6.0

Types of Homes

TYPE OF Piggott HOMES
Single-Family 82.5
Townhomes 0.6
Small Apt. Buildings 6.8
Apt. Complexes 7.4
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Piggott HOMES
No Bedroom 1.45
1 Bedroom 8.26
2 Bedrooms 38.79
3 Bedrooms 44.68
4 Bedrooms 6.82
5 or more bedrooms 0.00

Piggott Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
38.40% 1.93% 5 4
* 10 is highest

Popular Neighborhoods in Piggott

Zip Codes in Piggott, AR