Star City, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Star City, 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

Star City Housing Market Information

With 2,180 people, 880 houses or apartments, and a median cost of homes of $91,031, the cost of homes in Star City is among some of the lowest in the nation. Compared to Arkansas, however, Star City real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Star City, accounting for 65.24% of the city's housing units. Other types of housing that are prevalent in Star City include duplexes, homes converted to apartments or other small apartment buildings ( 15.38%), mobile homes or trailers ( 15.19%), and a few large apartment complexes or high rise apartments ( 3.41%).

The most prevalent building size and type in Star City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.82% owning and 46.18% renting.

There is a lot of housing in Star City 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 Star City built between 1940-1969 ( 34.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.39%). There's also some housing in Star City built before 1939 ( 2.24%).

Vacant housing appears to be an issue in Star City. Fully 14.31% of the housing stock is classified as vacant. Left unchecked, vacant Star City homes and apartments can be a drag on the real estate market, holding Star City 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.

Star City Home Appreciation Rates

Appreciation rates for homes in Star City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.55%, which ranks in the top 40% nationwide. This equates to an annual average Star City house appreciation rate of 0.73%.

Over the last year, Star City appreciation rates have trailed the rest of the nation. In the last twelve months, Star City's appreciation rate has been 0.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Star City were at -0.71%, which equates to an annual appreciation rate of -2.83%.

Notably, Star City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Star City's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$91,031

Star City, AR HOME PRICES

Value Range
> $1,018,000 0.1
$763,001 - $1,018,000 0.9
$509,001 - $763,000 2.3
$407,001 - $509,000 0.0
$305,001 - $407,000 3.2
$204,001 - $305,000 7.3
$102,001 - $204,000 24.6
$51,001 - $102,000 37.5
$0 - $51,000 24.0

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
83.2796202976679 52.8169014084507

Number Of Homes And Apartments:
880

Star City 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
40.06% 1.97% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$616 / per month

Homeownership Rate

Homeownership
Owners 53.82
Renters 46.18
Vacant 14.31

Housing Market Details

 

Age of Homes

AGE OF Star City HOMES
2000 or Newer 11.4
1970 - 1999 51.6
1940 - 1969 34.8
1939 or Older 2.2

Types of Homes

TYPE OF Star City HOMES
Single-Family 65.2
Townhomes 0.8
Small Apt. Buildings 15.4
Apt. Complexes 3.4
Mobile Homes 15.2
Other 0.0

Home Size

SIZE OF Star City HOMES
No Bedroom 5.26
1 Bedroom 10.42
2 Bedrooms 20.74
3 Bedrooms 46.45
4 Bedrooms 14.80
5 or more bedrooms 2.34

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Zip Codes in Star City, AR