Bella Vista, AR Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bella Vista, AR Housing Market Trends

With 28,872 people, 12,396 houses or apartments, and a median cost of homes of $217,477, Bella Vista real estate is some of the most expensive in Arkansas, although Bella Vista home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bella Vista, accounting for 88.92% of the town's housing units. Other types of housing that are prevalent in Bella Vista include row houses and other attached homes ( 6.19%), large apartment complexes or high rise apartments ( 2.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bella Vista. Owner-occupied housing accounts for 86.61% of Bella Vista's homes, and 68.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bella Vista 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 Bella Vista built between 2000 and later ( 33.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.79%).

Bella Vista Home Appreciation Rates

Appreciation rates for homes in Bella Vista have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 55.66%, which ranks in the top 30% nationwide. This equates to an annual average Bella Vista house appreciation rate of 4.52%.

Appreciation rates are so strong in Bella Vista that despite a nationwide downturn in the housing market, Bella Vista real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bella Vista appreciation rates continue to be some of the highest in America, at 10.85%, which is higher than appreciation rates in 93.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bella Vista. Bella Vista appreciation rates in the latest quarter were at 2.69%, which equates to an annual appreciation rate of 11.19%.

Importantly, this makes Bella Vista one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Arkansas, our data show that Bella Vista's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bella Vista differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bella Vista - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bella Vista real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$217,477

Bella Vista, AR HOME PRICES

> $1,226,000
0.5%
0.5%
$920,001 - $1,226,000
1.1%
1.1%
$613,001 - $920,000
2.8%
2.8%
$491,001 - $613,000
3.3%
3.3%
$368,001 - $491,000
9.3%
9.3%
$245,001 - $368,000
20.4%
20.4%
$123,001 - $245,000
49.2%
49.2%
$61,001 - $123,000
10.5%
10.5%
$0 - $61,000
2.9%
2.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for AR

Value Relative To Nation

Number Of Homes And Apartments:
12,396

Bella Vista Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
74.39% 2.65%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,006 / per month

Homeownership Rate

Owners
86.6%
86.6%
Renters
13.4%
13.4%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
33.9%
33.9%
1970 - 1999
60.3%
60.3%
1940 - 1969
5.8%
5.8%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
88.9%
88.9%
Townhomes
6.2%
6.2%
Small Apt. Buildings
1.4%
1.4%
Apt. Complexes
2.3%
2.3%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
1.2%
1.2%
2 Bedrooms
27.4%
27.4%
3 Bedrooms
57.6%
57.6%
4 Bedrooms
10.6%
10.6%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES