Wynne, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wynne, AR Real Estate Data


Wynne Housing Market Information

With a population of 8,193, 3,156 total housing units (homes and apartments), and a median house value of $96,823, the cost of homes in Wynne is among some of the lowest in the nation. Compared to Arkansas, however, Wynne real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Wynne, accounting for 73.72% 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 ( 15.87%), mobile homes or trailers ( 6.11%), and a few large apartment complexes or high rise apartments ( 3.77%).

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 49.77% owning and 50.23% 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 ( 29.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.85%). There's also some housing in Wynne built before 1939 ( 6.95%).

Vacant housing appears to be an issue in Wynne. Fully 11.97% of the housing stock is classified as vacant. Left unchecked, vacant Wynne homes and apartments can be a drag on the real estate market, holding Wynne 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.

Wynne Home Appreciation Rates

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 -0.67%, which is lower than 70% of US communities.

Over the last year, Wynne appreciation rates have trailed the rest of the nation. In the last twelve months, Wynne's appreciation rate has been 3.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wynne were at 1.56%, which equates to an annual appreciation rate of 6.38%.

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

Average Home Values

 

Median Home Value:
$96,823

Wynne, AR HOME PRICES

Value Range
> $1,009,000 0.0
$757,001 - $1,009,000 0.3
$505,001 - $757,000 0.5
$404,001 - $505,000 0.5
$303,001 - $404,000 2.2
$202,001 - $303,000 7.0
$101,001 - $202,000 21.9
$51,001 - $101,000 43.8
$0 - $51,000 23.9

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
80.8690050945716 43.6619718309859

Number Of Homes And Apartments:
3,156

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 49.77
Renters 50.23
Vacant 11.97

Housing Market Details

 

Age of Homes

AGE OF Wynne HOMES
2000 or Newer 17.9
1970 - 1999 45.7
1940 - 1969 29.5
1939 or Older 6.9

Types of Homes

TYPE OF Wynne HOMES
Single-Family 73.7
Townhomes 0.5
Small Apt. Buildings 15.9
Apt. Complexes 3.8
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Wynne HOMES
No Bedroom 0.22
1 Bedroom 7.06
2 Bedrooms 26.83
3 Bedrooms 52.13
4 Bedrooms 11.44
5 or more bedrooms 2.32

Wynne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
8.36% 0.47% 1 1
* 10 is highest

Zip Codes in Wynne, AR