Pine Bluff, AR Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pine Bluff, AR Housing Market Trends

With a population of 41,253, 16,808 total housing units (homes and apartments), and a median house value of $102,141, 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 70.53% of the city's housing units. Other types of housing that are prevalent in Pine Bluff include large apartment complexes or high rise apartments ( 17.23%), duplexes, homes converted to apartments or other small apartment buildings ( 6.19%), and a few mobile homes or trailers ( 4.90%).

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 46.51% owning and 53.49% renting.

There is a lot of housing in Pine Bluff 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 Pine Bluff built between 1940-1969 ( 38.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.73%). There's also some housing in Pine Bluff built before 1939 ( 8.38%).

Vacant housing appears to be an issue in Pine Bluff. Fully 20.73% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Pine Bluff, where house values have increased just 29.66%, which is annualized rate of 2.63%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 11.88%, 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 4.39%, which equates to an annual appreciation rate of 18.75%.

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:
$102,141

Pine Bluff, AR HOME PRICES

> $1,259,000
$945,001 - $1,259,000
$630,001 - $945,000
$504,001 - $630,000
$378,001 - $504,000
$251,001 - $378,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
0.2%
0.2%
0.1%
0.1%
0.5%
0.5%
0.3%
0.3%
0.7%
0.7%
7.2%
7.2%
22.4%
22.4%
39.0%
39.0%
29.6%
29.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for AR

Value Relative To Nation

Number Of Homes And Apartments:
16,808

Pine Bluff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
60.26% 2.17%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$992 / per month

Homeownership Rate

Owners
Renters
Vacant
46.5%
46.5%
53.5%
53.5%
20.7%
20.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.7%
9.7%
43.5%
43.5%
38.3%
38.3%
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.5%
70.5%
1.1%
1.1%
6.2%
6.2%
17.2%
17.2%
4.9%
4.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
9.2%
9.2%
31.5%
31.5%
45.6%
45.6%
9.5%
9.5%
1.4%
1.4%
0.0% 100.0%
% OF HOMES