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 a population of 84,161, 27,093 total housing units (homes and apartments), and a median house value of $254,774, Springdale real estate is some of the most expensive in Arkansas, although Springdale home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Springdale, accounting for 62.39% of the city's housing units. Other types of housing that are prevalent in Springdale include large apartment complexes or high rise apartments ( 19.31%), duplexes, homes converted to apartments or other small apartment buildings ( 12.28%), and a few row houses and other attached homes ( 3.27%).
The most prevalent building size and type in Springdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.41% owning and 50.59% renting.
There is a lot of housing in Springdale 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 Springdale built between 2000 and later ( 30.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.35%). There's also some housing in Springdale built before 1939 ( 2.04%).
In the last 10 years, Springdale has experienced some of the highest home appreciation rates of any community in the nation. Springdale real estate appreciated 107.98% over the last ten years, which is an average annual home appreciation rate of 7.60%, putting Springdale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Springdale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Springdale that despite a nationwide downturn in the housing market, Springdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Springdale appreciation rates continue to be some of the highest in America, at 22.06%, which is higher than appreciation rates in 89.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Springdale. Springdale appreciation rates in the latest quarter were at 4.10%, which equates to an annual appreciation rate of 17.42%.
Relative to Arkansas, our data show that Springdale's latest annual appreciation rate is higher 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 Springdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Springdale - 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 Springdale real estate investment or home purchase decisions.
Average for Nation
Very High for AR