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 24,196 people, 8,573 houses or apartments, and a median cost of homes of $147,851, Searcy real estate is some of the most expensive in Arkansas, although Searcy home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Searcy, accounting for 64.63% of the city's housing units. Other types of housing that are prevalent in Searcy include large apartment complexes or high rise apartments ( 21.39%), duplexes, homes converted to apartments or other small apartment buildings ( 9.86%), and a few row houses and other attached homes ( 2.08%).
The most prevalent building size and type in Searcy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.66% owning and 54.34% renting.
There is a lot of housing in Searcy 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 Searcy built between 2000 and later ( 25.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.37%). There's also some housing in Searcy built before 1939 ( 2.62%).
Appreciation rates for homes in Searcy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.20%, which ranks in the top 40% nationwide. This equates to an annual average Searcy house appreciation rate of 0.70%.
Over the last year, Searcy appreciation rates have trailed the rest of the nation. In the last twelve months, Searcy's appreciation rate has been -0.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Searcy were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Searcy's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Searcy'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 Searcy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Searcy - 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 Searcy real estate investment or home purchase decisions.
|$769,001 - $1,026,000||0.2|
|$513,001 - $769,000||1.7|
|$410,001 - $513,000||1.0|
|$308,001 - $410,000||5.0|
|$205,001 - $308,000||14.9|
|$103,001 - $205,000||47.3|
|$51,001 - $103,000||24.2|
|$0 - $51,000||5.5|
|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 Searcy HOMES|
|2000 or Newer||25.7|
|1970 - 1999||52.3|
|1940 - 1969||19.4|
|1939 or Older||2.6|
|TYPE OF Searcy HOMES|
|Small Apt. Buildings||9.9|
|SIZE OF Searcy HOMES|
|5 or more bedrooms||2.54|