Arkansas City, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Arkansas City Neighborhoods Since 2000




Arkansas City, KS 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

Arkansas City Housing Market Information

With 12,136 people, 4,674 houses or apartments, and a median cost of homes of $79,891, house prices in Arkansas City are solidly below the national average.

Single-family detached homes are the single most common housing type in Arkansas City, accounting for 82.75% of the city's housing units. Other types of housing that are prevalent in Arkansas City include large apartment complexes or high rise apartments ( 6.80%), duplexes, homes converted to apartments or other small apartment buildings ( 6.65%), and a few mobile homes or trailers ( 3.29%).

People in Arkansas City primarily live in small (one, two or no bedroom) single-family detached homes. Arkansas City has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Arkansas City's housing was primarily built during this period, from the '40s through the '60s. A full 40.58% of the city's housing hails from this era. Other housing ages represented in Arkansas City include homes built before 1939 ( 34.44%) and housing constructed between 1970-1999 ( 20.97%). There's also some housing in Arkansas City built between 2000 and later ( 4.01%).

Vacant housing appears to be an issue in Arkansas City. Fully 15.51% of the housing stock is classified as vacant. Left unchecked, vacant Arkansas City homes and apartments can be a drag on the real estate market, holding Arkansas City 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.

Arkansas City Home Appreciation Rates

Appreciation rates for homes in Arkansas City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.09%, which ranks in the top 30% nationwide. This equates to an annual average Arkansas City house appreciation rate of 1.33%.

NeighborhoodScout's data show that during the latest twelve months, Arkansas City's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Arkansas City's appreciation rate has been 1.04%, which annualizes to a rate of 4.23%.

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

Average Home Values

 

Median Home Value:
$79,891

Arkansas City, KS HOME PRICES

Value Range
> $1,111,000 0.1
$833,001 - $1,111,000 0.0
$556,001 - $833,000 0.0
$444,001 - $556,000 0.0
$333,001 - $444,000 0.1
$222,001 - $333,000 2.9
$111,001 - $222,000 18.1
$56,001 - $111,000 40.4
$0 - $56,000 38.3

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
90.6070549630845 75.886524822695

Number Of Homes And Apartments:
4,674

Arkansas City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
28.68% 1.47% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$805 / per month

Homeownership Rate

Homeownership
Owners 52.55
Renters 47.45
Vacant 15.51

Housing Market Details

 

Age of Homes

AGE OF Arkansas City HOMES
2000 or Newer 4.0
1970 - 1999 21.0
1940 - 1969 40.6
1939 or Older 34.4

Types of Homes

TYPE OF Arkansas City HOMES
Single-Family 82.8
Townhomes 0.5
Small Apt. Buildings 6.7
Apt. Complexes 6.8
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Arkansas City HOMES
No Bedroom 0.87
1 Bedroom 11.57
2 Bedrooms 37.73
3 Bedrooms 35.20
4 Bedrooms 12.60
5 or more bedrooms 2.04

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Zip Codes in Arkansas City, KS