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
With 1,840 people, 803 houses or apartments, and a median cost of homes of $74,813, house prices in Rector are solidly below the national average.
Single-family detached homes are the single most common housing type in Rector, accounting for 86.97% of the city's housing units. Other types of housing that are prevalent in Rector include duplexes, homes converted to apartments or other small apartment buildings ( 7.92%), mobile homes or trailers ( 3.02%), and a few row houses and other attached homes ( 1.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rector. Owner-occupied housing accounts for 73.23% of Rector's homes, and 51.93% have either three or four bedrooms, which is average sized relative to America.
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. Rector's housing was primarily built during this period, from the '40s through the '60s. A full 49.64% of the city's housing hails from this era. Other housing ages represented in Rector include homes built between 1970-1999 ( 36.39%) and housing constructed before 1939 ( 9.59%). There's also some housing in Rector built between 2000 and later ( 4.38%).
Vacant housing appears to be an issue in Rector. Fully 16.27% of the housing stock is classified as vacant. Left unchecked, vacant Rector homes and apartments can be a drag on the real estate market, holding Rector 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.
In the last 10 years, Rector has experienced some of the highest home appreciation rates of any community in the nation. Rector real estate appreciated 27.51% over the last ten years, which is an average annual home appreciation rate of 2.46%, putting Rector in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rector definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Rector's appreciation rate, at 4.14%, has been at or slightly above the national average. In the latest quarter, Rector's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.
Notably, Rector's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Rector's latest annual appreciation rate is higher than 70% of the other cities and towns in Arkansas.
|$809,001 - $1,079,000||0.7|
|$539,001 - $809,000||1.2|
|$431,001 - $539,000||4.1|
|$324,001 - $431,000||0.0|
|$216,001 - $324,000||1.6|
|$108,001 - $216,000||16.7|
|$54,001 - $108,000||46.9|
|$0 - $54,000||28.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Rector HOMES|
|2000 or Newer||4.4|
|1970 - 1999||36.4|
|1940 - 1969||49.6|
|1939 or Older||9.6|
|TYPE OF Rector HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Rector HOMES|
|5 or more bedrooms||0.00|