Walnut Ridge, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Walnut Ridge, 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

Walnut Ridge Housing Market Information

With 4,673 people, 1,850 houses or apartments, and a median cost of homes of $86,214, the cost of homes in Walnut Ridge is among some of the lowest in the nation. Compared to Arkansas, however, Walnut Ridge real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Walnut Ridge, accounting for 82.08% of the city's housing units. Other types of housing that are prevalent in Walnut Ridge include large apartment complexes or high rise apartments ( 9.71%), duplexes, homes converted to apartments or other small apartment buildings ( 4.78%), and a few mobile homes or trailers ( 3.43%).

The most prevalent building size and type in Walnut Ridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.34% owning and 41.66% renting.

There is a lot of housing in Walnut Ridge 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 Walnut Ridge built between 1940-1969 ( 32.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.94%). There's also some housing in Walnut Ridge built before 1939 ( 4.58%).

Walnut Ridge Home Appreciation Rates

In the last 10 years, Walnut Ridge has experienced some of the highest home appreciation rates of any community in the nation. Walnut Ridge real estate appreciated 14.94% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Walnut Ridge in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Walnut Ridge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Walnut Ridge appreciation rates have trailed the rest of the nation. In the last twelve months, Walnut Ridge's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walnut Ridge were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Arkansas, our data show that Walnut Ridge's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$86,214

Walnut Ridge, AR HOME PRICES

Value Range
> $1,063,000 0.0
$797,001 - $1,063,000 0.0
$532,001 - $797,000 0.0
$425,001 - $532,000 0.0
$319,001 - $425,000 1.4
$212,001 - $319,000 9.9
$106,001 - $212,000 22.7
$53,001 - $106,000 38.5
$0 - $53,000 27.4

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
86.6225243173561 58.4507042253521

Number Of Homes And Apartments:
1,850

Walnut Ridge 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
57.69% 2.68% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 58.34
Renters 41.66
Vacant 7.91

Housing Market Details

 

Age of Homes

AGE OF Walnut Ridge HOMES
2000 or Newer 13.9
1970 - 1999 49.0
1940 - 1969 32.5
1939 or Older 4.6

Types of Homes

TYPE OF Walnut Ridge HOMES
Single-Family 82.1
Townhomes 0.0
Small Apt. Buildings 4.8
Apt. Complexes 9.7
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Walnut Ridge HOMES
No Bedroom 1.44
1 Bedroom 4.18
2 Bedrooms 27.13
3 Bedrooms 53.41
4 Bedrooms 10.85
5 or more bedrooms 2.99

Popular Neighborhoods in Walnut Ridge

Zip Codes in Walnut Ridge, AR