Warren, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Warren Neighborhoods Since 2000




Warren, 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

Warren Housing Market Information

With 5,804 people, 2,389 houses or apartments, and a median cost of homes of $75,036, house prices in Warren are solidly below the national average.

Single-family detached homes are the single most common housing type in Warren, accounting for 78.07% of the city's housing units. Other types of housing that are prevalent in Warren include duplexes, homes converted to apartments or other small apartment buildings ( 8.89%), mobile homes or trailers ( 5.92%), and a few large apartment complexes or high rise apartments ( 4.72%).

The most prevalent building size and type in Warren are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.37% owning and 42.63% renting.

There is a lot of housing in Warren 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 Warren built between 1940-1969 ( 29.02%). A lesser amount of the housing stock also hails from before 1939 ( 9.94%). There's also some housing in Warren built between 2000 and later ( 4.90%).

Vacant housing appears to be an issue in Warren. Fully 15.76% of the housing stock is classified as vacant. Left unchecked, vacant Warren homes and apartments can be a drag on the real estate market, holding Warren 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.

Warren Home Appreciation Rates

Appreciation rates for homes in Warren have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.81%, which ranks in the top 50% nationwide. This equates to an annual average Warren house appreciation rate of 0.18%.

Over the last year, Warren appreciation rates have trailed the rest of the nation. In the last twelve months, Warren's appreciation rate has been 2.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warren were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$75,036

Warren, AR HOME PRICES

Value Range
> $1,023,000 0.2
$767,001 - $1,023,000 0.0
$511,001 - $767,000 0.8
$409,001 - $511,000 0.8
$307,001 - $409,000 1.2
$205,001 - $307,000 2.8
$102,001 - $205,000 20.2
$51,001 - $102,000 35.5
$0 - $51,000 38.3

Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
93.1325442400094 72.887323943662

Number Of Homes And Apartments:
2,389

Warren 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
42.60% 2.08% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$697 / per month

Homeownership Rate

Homeownership
Owners 57.37
Renters 42.63
Vacant 15.76

Housing Market Details

 

Age of Homes

AGE OF Warren HOMES
2000 or Newer 4.9
1970 - 1999 56.1
1940 - 1969 29.0
1939 or Older 9.9

Types of Homes

TYPE OF Warren HOMES
Single-Family 78.1
Townhomes 2.4
Small Apt. Buildings 8.9
Apt. Complexes 4.7
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Warren HOMES
No Bedroom 6.70
1 Bedroom 7.30
2 Bedrooms 27.29
3 Bedrooms 46.05
4 Bedrooms 10.75
5 or more bedrooms 1.90

Popular Communities Near Warren, AR

Zip Codes in Warren, AR