West Fork, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Fork, 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

West Fork Housing Market Information

With 2,543 people, 905 houses or apartments, and a median cost of homes of $147,875, West Fork real estate is some of the most expensive in Arkansas, although West Fork home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in West Fork, accounting for 84.94% of the city's housing units. Other types of housing that are prevalent in West Fork include duplexes, homes converted to apartments or other small apartment buildings ( 8.43%), row houses and other attached homes ( 2.91%), and a few large apartment complexes or high rise apartments ( 2.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Fork. Owner-occupied housing accounts for 71.71% of West Fork's homes, and 69.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Fork 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 West Fork built between 1940-1969 ( 21.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.67%). There's also some housing in West Fork built before 1939 ( 8.13%).

West Fork Home Appreciation Rates

Real estate appreciation rates in West Fork's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

Appreciation rates are so strong in West Fork that despite a nationwide downturn in the housing market, West Fork real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Fork appreciation rates continue to be some of the highest in America, at 11.13%, which is higher than appreciation rates in 96.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Fork. West Fork appreciation rates in the latest quarter were at 3.26%, which equates to an annual appreciation rate of 13.71%.

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

Average Home Values

 

Median Home Value:
$147,875

West Fork, AR HOME PRICES

Value Range
> $1,199,000 0.0
$899,001 - $1,199,000 0.3
$600,001 - $899,000 0.4
$480,001 - $600,000 1.7
$359,001 - $480,000 2.8
$240,001 - $359,000 15.8
$120,001 - $240,000 38.5
$60,001 - $120,000 30.7
$0 - $60,000 9.7

Very High for AR
Average for Nation

Value Relative to Nation Value Relative to State
50.972694245869 14.0845070422535

Number Of Homes And Apartments:
905

West Fork 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
41.52% 2.03% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 71.71
Renters 28.29
Vacant 9.14

Housing Market Details

 

Age of Homes

AGE OF West Fork HOMES
2000 or Newer 17.7
1970 - 1999 52.8
1940 - 1969 21.4
1939 or Older 8.1

Types of Homes

TYPE OF West Fork HOMES
Single-Family 84.9
Townhomes 2.9
Small Apt. Buildings 8.4
Apt. Complexes 2.8
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF West Fork HOMES
No Bedroom 2.81
1 Bedroom 0.80
2 Bedrooms 25.00
3 Bedrooms 57.33
4 Bedrooms 12.55
5 or more bedrooms 1.51

Popular Neighborhoods in West Fork

Zip Codes in West Fork, AR