Stuttgart, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stuttgart, 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

Stuttgart Housing Market Information

With a population of 9,056, 3,821 total housing units (homes and apartments), and a median house value of $118,227, house prices in Stuttgart are solidly below the national average.

Single-family detached homes are the single most common housing type in Stuttgart, accounting for 72.81% of the city's housing units. Other types of housing that are prevalent in Stuttgart include large apartment complexes or high rise apartments ( 13.92%), mobile homes or trailers ( 5.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.52%).

The most prevalent building size and type in Stuttgart are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.94% owning and 40.06% renting.

There is a lot of housing in Stuttgart 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 Stuttgart built between 1940-1969 ( 41.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.31%). There's also some housing in Stuttgart built before 1939 ( 6.56%).

Vacant housing appears to be an issue in Stuttgart. Fully 13.22% of the housing stock is classified as vacant. Left unchecked, vacant Stuttgart homes and apartments can be a drag on the real estate market, holding Stuttgart 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.

Stuttgart Home Appreciation Rates

Appreciation rates for homes in Stuttgart have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.15%, which ranks in the top 40% nationwide. This equates to an annual average Stuttgart house appreciation rate of 0.79%.

NeighborhoodScout's data show that during the latest twelve months, Stuttgart's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, Stuttgart's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Arkansas, our data show that Stuttgart's latest annual appreciation rate is higher than 60% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$118,227

Stuttgart, AR HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 1.2
$530,001 - $795,000 0.2
$424,001 - $530,000 0.5
$318,001 - $424,000 5.7
$212,001 - $318,000 9.4
$106,001 - $212,000 23.1
$53,001 - $106,000 39.3
$0 - $53,000 20.6

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
66.5123637642095 27.8169014084507

Number Of Homes And Apartments:
3,821

Stuttgart 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
40.18% 1.98% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 59.94
Renters 40.06
Vacant 13.22

Housing Market Details

 

Age of Homes

AGE OF Stuttgart HOMES
2000 or Newer 7.3
1970 - 1999 44.6
1940 - 1969 41.5
1939 or Older 6.6

Types of Homes

TYPE OF Stuttgart HOMES
Single-Family 72.8
Townhomes 1.9
Small Apt. Buildings 5.5
Apt. Complexes 13.9
Mobile Homes 5.6
Other 0.2

Home Size

SIZE OF Stuttgart HOMES
No Bedroom 1.82
1 Bedroom 8.83
2 Bedrooms 27.12
3 Bedrooms 50.03
4 Bedrooms 10.47
5 or more bedrooms 1.73

Popular Neighborhoods in Stuttgart

Zip Codes in Stuttgart, AR