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 about Scout's Real Estate Data
With 7,546 people, 2,981 houses or apartments, and a median cost of homes of $116,861, house prices in Pocahontas are solidly below the national average.
Single-family detached homes are the single most common housing type in Pocahontas, accounting for 77.23% of the city's housing units. Other types of housing that are prevalent in Pocahontas include duplexes, homes converted to apartments or other small apartment buildings ( 13.93%), large apartment complexes or high rise apartments ( 3.57%), and a few mobile homes or trailers ( 3.06%).
The most prevalent building size and type in Pocahontas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.60% owning and 41.40% renting.
There is a lot of housing in Pocahontas 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 Pocahontas built between 1940-1969 ( 29.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.07%). There's also some housing in Pocahontas built before 1939 ( 5.24%).
Vacant housing appears to be an issue in Pocahontas. Fully 10.67% of the housing stock is classified as vacant. Left unchecked, vacant Pocahontas homes and apartments can be a drag on the real estate market, holding Pocahontas 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.
Real estate appreciation rates in Pocahontas's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.42% during the period.
NeighborhoodScout's data show that during the latest twelve months, Pocahontas's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Pocahontas's appreciation rate has been 2.22%, which annualizes to a rate of 9.19%.
Importantly, this makes Pocahontas one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arkansas, our data show that Pocahontas's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.
$116,861
for Arkansas
for nation
2,981
$980 / per month