Van Buren, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Van Buren, 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

Van Buren Housing Market Information

With a population of 23,081, 8,658 total housing units (homes and apartments), and a median house value of $116,712, house prices in Van Buren are solidly below the national average.

Single-family detached homes are the single most common housing type in Van Buren, accounting for 77.10% of the city's housing units. Other types of housing that are prevalent in Van Buren include large apartment complexes or high rise apartments ( 9.64%), duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), and a few row houses and other attached homes ( 2.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Van Buren. Owner-occupied housing accounts for 65.57% of Van Buren's homes, and 65.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Van Buren 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 Van Buren built between 2000 and later ( 22.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.70%). There's also some housing in Van Buren built before 1939 ( 3.70%).

Van Buren Home Appreciation Rates

Appreciation rates for homes in Van Buren have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.47%, which ranks in the top 40% nationwide. This equates to an annual average Van Buren house appreciation rate of 0.53%.

Appreciation rates are so strong in Van Buren that despite a nationwide downturn in the housing market, Van Buren real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Van Buren appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 92.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Van Buren. Van Buren appreciation rates in the latest quarter were at 4.53%, which equates to an annual appreciation rate of 19.40%.

Importantly, this makes Van Buren 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 Van Buren'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 Van Buren differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Van Buren - 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 Van Buren real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$116,712

Van Buren, AR HOME PRICES

Value Range
> $1,093,000 0.0
$819,001 - $1,093,000 0.2
$546,001 - $819,000 0.3
$437,001 - $546,000 0.2
$328,001 - $437,000 2.5
$219,001 - $328,000 6.8
$109,001 - $219,000 44.6
$55,001 - $109,000 35.4
$0 - $55,000 10.0

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
67.2916910816829 28.5211267605634

Number Of Homes And Apartments:
8,658

Van Buren 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
32.22% 1.63% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$908 / per month

Homeownership Rate

Homeownership
Owners 65.57
Renters 34.43
Vacant 9.42

Housing Market Details

 

Age of Homes

AGE OF Van Buren HOMES
2000 or Newer 22.1
1970 - 1999 56.5
1940 - 1969 17.7
1939 or Older 3.7

Types of Homes

TYPE OF Van Buren HOMES
Single-Family 77.1
Townhomes 2.6
Small Apt. Buildings 9.4
Apt. Complexes 9.6
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Van Buren HOMES
No Bedroom 5.16
1 Bedroom 7.47
2 Bedrooms 19.90
3 Bedrooms 54.57
4 Bedrooms 10.82
5 or more bedrooms 2.08