Pine Bluff, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pine Bluff, 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

Pine Bluff Housing Market Information

With a population of 44,772, 17,705 total housing units (homes and apartments), and a median house value of $71,146, house prices in Pine Bluff are solidly below the national average.

Single-family detached homes are the single most common housing type in Pine Bluff, accounting for 71.45% of the city's housing units. Other types of housing that are prevalent in Pine Bluff include large apartment complexes or high rise apartments ( 15.14%), duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), and a few mobile homes or trailers ( 4.66%).

The most prevalent building size and type in Pine Bluff are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.64% owning and 49.36% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pine Bluff's housing was primarily built during this period, from the '40s through the '60s. A full 43.65% of the city's housing hails from this era. Other housing ages represented in Pine Bluff include homes built between 1970-1999 ( 39.89%) and housing constructed between 2000 and later ( 8.65%). There's also some housing in Pine Bluff built before 1939 ( 7.81%).

Vacant housing appears to be an issue in Pine Bluff. Fully 16.05% of the housing stock is classified as vacant. Left unchecked, vacant Pine Bluff homes and apartments can be a drag on the real estate market, holding Pine Bluff 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.

Pine Bluff Home Appreciation Rates

Real estate appreciation rates in Pine Bluff's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

Over the last year, Pine Bluff appreciation rates have trailed the rest of the nation. In the last twelve months, Pine Bluff's appreciation rate has been -1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pine Bluff were at -0.71%, which equates to an annual appreciation rate of -2.83%.

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

Relative to Arkansas, our data show that Pine Bluff's latest annual appreciation rate is lower than 90% 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 Pine Bluff differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pine Bluff - 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 Pine Bluff real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$71,146

Pine Bluff, AR HOME PRICES

Value Range
> $972,000 0.1
$729,001 - $972,000 0.1
$486,001 - $729,000 0.6
$389,001 - $486,000 0.4
$291,001 - $389,000 1.1
$194,001 - $291,000 5.3
$97,001 - $194,000 18.2
$49,001 - $97,000 39.1
$0 - $49,000 35.2

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
94.7732333294269 77.8169014084507

Number Of Homes And Apartments:
17,705

Pine Bluff 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
23.07% 1.21% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 50.64
Renters 49.36
Vacant 16.05

Housing Market Details

 

Age of Homes

AGE OF Pine Bluff HOMES
2000 or Newer 8.7
1970 - 1999 39.9
1940 - 1969 43.6
1939 or Older 7.8

Types of Homes

TYPE OF Pine Bluff HOMES
Single-Family 71.4
Townhomes 2.2
Small Apt. Buildings 6.5
Apt. Complexes 15.1
Mobile Homes 4.7
Other 0.1

Home Size

SIZE OF Pine Bluff HOMES
No Bedroom 1.60
1 Bedroom 10.06
2 Bedrooms 29.54
3 Bedrooms 48.32
4 Bedrooms 8.74
5 or more bedrooms 1.74