Waldron, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waldron, 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

Waldron Housing Market Information

With a population of 3,442, 1,252 total housing units (homes and apartments), and a median house value of $77,088, house prices in Waldron are solidly below the national average.

Single-family detached homes are the single most common housing type in Waldron, accounting for 67.53% of the city's housing units. Other types of housing that are prevalent in Waldron include duplexes, homes converted to apartments or other small apartment buildings ( 15.13%), large apartment complexes or high rise apartments ( 8.92%), and a few mobile homes or trailers ( 8.43%).

The most prevalent building size and type in Waldron are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.76% owning and 49.24% renting.

There is a lot of housing in Waldron 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 Waldron built between 1940-1969 ( 34.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.47%). There's also some housing in Waldron built before 1939 ( 5.41%).

Vacant housing appears to be an issue in Waldron. Fully 23.00% of the housing stock is classified as vacant. Left unchecked, vacant Waldron homes and apartments can be a drag on the real estate market, holding Waldron 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.

Waldron Home Appreciation Rates

Appreciation rates for homes in Waldron have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.23%, which ranks in the top 40% nationwide. This equates to an annual average Waldron house appreciation rate of 0.70%.

Appreciation rates are so strong in Waldron that despite a nationwide downturn in the housing market, Waldron real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waldron appreciation rates continue to be some of the highest in America, at 9.20%, which is higher than appreciation rates in 91.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waldron. Waldron appreciation rates in the latest quarter were at 4.53%, which equates to an annual appreciation rate of 19.40%.

Importantly, this makes Waldron 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 Waldron's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$77,088

Waldron, AR HOME PRICES

Value Range
> $1,076,000 0.0
$807,001 - $1,076,000 0.0
$538,001 - $807,000 1.7
$431,001 - $538,000 1.8
$323,001 - $431,000 0.0
$215,001 - $323,000 1.2
$107,001 - $215,000 22.6
$54,001 - $107,000 40.4
$0 - $54,000 32.2

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
92.2301652408297 70.4225352112676

Number Of Homes And Apartments:
1,252

Waldron 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
32.74% 1.66% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 50.76
Renters 49.24
Vacant 23.00

Housing Market Details

 

Age of Homes

AGE OF Waldron HOMES
2000 or Newer 5.5
1970 - 1999 54.4
1940 - 1969 34.7
1939 or Older 5.4

Types of Homes

TYPE OF Waldron HOMES
Single-Family 67.5
Townhomes 0.0
Small Apt. Buildings 15.1
Apt. Complexes 8.9
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Waldron HOMES
No Bedroom 2.95
1 Bedroom 12.48
2 Bedrooms 29.77
3 Bedrooms 45.82
4 Bedrooms 8.00
5 or more bedrooms 0.98

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Zip Codes in Waldron, AR