Siloam Springs, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Siloam Springs Neighborhoods Since 2000




Siloam Springs, 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

Siloam Springs Housing Market Information

With a population of 16,081, 5,192 total housing units (homes and apartments), and a median house value of $136,759, house prices in Siloam Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Siloam Springs, accounting for 70.40% of the city's housing units. Other types of housing that are prevalent in Siloam Springs include large apartment complexes or high rise apartments ( 11.38%), duplexes, homes converted to apartments or other small apartment buildings ( 10.25%), and a few row houses and other attached homes ( 5.50%).

The most prevalent building size and type in Siloam Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.05% owning and 47.95% renting.

There is a lot of housing in Siloam Springs 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 Siloam Springs built between 2000 and later ( 20.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.59%). There's also some housing in Siloam Springs built before 1939 ( 7.33%).

Vacant housing appears to be an issue in Siloam Springs. Fully 11.31% of the housing stock is classified as vacant. Left unchecked, vacant Siloam Springs homes and apartments can be a drag on the real estate market, holding Siloam Springs 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.

Siloam Springs Home Appreciation Rates

Real estate appreciation rates in Siloam Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Appreciation rates are so strong in Siloam Springs that despite a nationwide downturn in the housing market, Siloam Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Siloam Springs appreciation rates continue to be some of the highest in America, at 7.13%, which is higher than appreciation rates in 82.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Siloam Springs. Siloam Springs appreciation rates in the latest quarter were at 3.26%, which equates to an annual appreciation rate of 13.71%.

Importantly, this makes Siloam Springs 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 Siloam Springs's latest annual appreciation rate is higher than 80% 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 Siloam Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Siloam Springs - 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 Siloam Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$136,759

Siloam Springs, AR HOME PRICES

Value Range
> $1,194,000 0.5
$895,001 - $1,194,000 0.3
$597,001 - $895,000 0.4
$477,001 - $597,000 0.6
$358,001 - $477,000 3.5
$239,001 - $358,000 9.0
$119,001 - $239,000 52.8
$60,001 - $119,000 22.0
$0 - $60,000 10.8

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
56.3459510137115 19.7183098591549

Number Of Homes And Apartments:
5,192

Siloam Springs 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
34.92% 1.75% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$902 / per month

Homeownership Rate

Homeownership
Owners 52.05
Renters 47.95
Vacant 11.31

Housing Market Details

 

Age of Homes

AGE OF Siloam Springs HOMES
2000 or Newer 20.5
1970 - 1999 52.5
1940 - 1969 19.6
1939 or Older 7.3

Types of Homes

TYPE OF Siloam Springs HOMES
Single-Family 70.4
Townhomes 5.5
Small Apt. Buildings 10.2
Apt. Complexes 11.4
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Siloam Springs HOMES
No Bedroom 2.41
1 Bedroom 9.60
2 Bedrooms 24.99
3 Bedrooms 48.60
4 Bedrooms 12.11
5 or more bedrooms 2.29