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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,208, 3,237 total housing units (homes and apartments), and a median house value of $75,847, house prices in Wynne are some of the most affordable in Arkansas as well as the nation.
Single-family detached homes are the single most common housing type in Wynne, accounting for 71.55% of the city's housing units. Other types of housing that are prevalent in Wynne include duplexes, homes converted to apartments or other small apartment buildings ( 11.62%), mobile homes or trailers ( 10.89%), and a few large apartment complexes or high rise apartments ( 4.73%).
The most prevalent building size and type in Wynne are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.46% owning and 46.54% renting.
There is a lot of housing in Wynne 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 Wynne built between 1940-1969 ( 31.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.34%). There's also some housing in Wynne built before 1939 ( 2.27%).
Wynne's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wynne during the period has been just 4.34%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Wynne's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Wynne's appreciation rate has been 2.22%, which annualizes to a rate of 9.18%.
Importantly, this makes Wynne 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 Wynne's latest annual appreciation rate is higher than 70% of the other cities and towns in Arkansas.
$75,847
for Arkansas
for nation
3,237
$1,260 / per month